Share Archwell Closers Quiz - Level I
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What does the "IRRRL" stand for in VA IRRRL?
Interest Rate Reduction Refinance Loan
What is a Loan Officer called here at Freedom?
Loan Advisor (LA)
What does CD stand for?
Closing Disclosure
What does LE stand for?
Loan Estimate
When is a loan required to carry Flood Insurance?
When it is located in a flood zone
What are the various boxes of information throughout UI called?
Tiles
What is the name of the loan document storage system here at Freedom?
EDMS, or Electronic Document Management System
What does UI stand for?
User Interface
True or False: for every refinance loan, you must calculate a new payoff date and amount
True
Name two documents that are part of a Title order
Title Commitment, Closing Protection Letter (CPL), Title Company Fee Sheet, Tax Certification, and Clear to Close
Information from what Freedom program populates the U/W Final Approval document in EDMS?
Lakewood
True or False: you should only save your loan work once when you're working in UI
False
What is the name of Freedom's loan servicing platform?
Sagent, LoanServ, or FiServ
Which loan type requires more documentation - streamline or full-doc?
Full-Doc
True or False: you must use your Loan Closer Information Sheet for every loan
False, but we do recommend some way to keep track of loan details!
To get to the RET Closer UI, you must go through this program
Fusion BPM (also known as IBM/BPM or just BPM)
