Toggle Navigation
Games
Blog
News
Class PIN
Join for Free
Sign in
Toggle Navigation
Games
PIN
Join for Free
Blog
Pricing
News
Contact us
Help center
Sign in
Study
Archwell Closers Quiz - Level I
0
%
0
0
0
Back
Restart
To get to the RET Closer UI, you must go through this program
Fusion BPM (also known as IBM/BPM or just BPM)
Oops!
Okay!
What does CD stand for?
Closing Disclosure
Oops!
Okay!
Which loan type requires more documentation - streamline or full-doc?
Full-Doc
Oops!
Okay!
What is the name of Freedom's loan servicing platform?
Sagent, LoanServ, or FiServ
Oops!
Okay!
How much cash can a borrower get back at closing on a VA IRRRL loan?
Up to $500.00
Oops!
Okay!
What does the "IRRRL" stand for in VA IRRRL?
Interest Rate Reduction Refinance Loan
Oops!
Okay!
What is the name of the loan document storage system here at Freedom?
EDMS, or Electronic Document Management System
Oops!
Okay!
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
Oops!
Okay!
When the lender is paying for a fee on a VA IRRRL, should the fee be tagged as "specific" or "non-specific" - ?
Specific
Oops!
Okay!
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!
Oops!
Okay!
This Freedom program captures activity and communication from the Title Company on a loan
Keystone
Oops!
Okay!
UI exchanges information with what Freedom system?
Lakewood
Oops!
Okay!
What does LE stand for?
Loan Estimate
Oops!
Okay!
True or False: you should only save your loan work once when you're working in UI
False
Oops!
Okay!
True or False: you must run the FraudGuard report on your loan after you've added your notary name and phone number to the system
True
Oops!
Okay!
True or False: the closer must check the disaster spreadsheet for every loan
True
Oops!
Okay!
What are the various boxes of information throughout UI called?
Tiles
Oops!
Okay!
What is a Loan Officer called here at Freedom?
Loan Advisor (LA)
Oops!
Okay!
True or False: for every refinance loan, you must calculate a new payoff date and amount
True
Oops!
Okay!
How much cash can a borrower bring to closing on a VA IRRRL loan?
None
Oops!
Okay!
When is a loan required to carry Flood Insurance?
When it is located in a flood zone
Oops!
Okay!
Information from what Freedom program populates the U/W Final Approval document in EDMS?
Lakewood
Oops!
Okay!
What does UI stand for?
User Interface
Oops!
Okay!
True or False: you must provide enough lender credit on a loan to meet your Highest Lender Credit Disclosed from the CDs and LEs
True
Oops!
Okay!
Your experience on this site will be improved by allowing cookies.
Allow cookies