Question 1
A complete loan application under TRID is triggered when the lender has received which six pieces of information?
Correct Answer:
Name, income, SSN, property address, estimated value, loan amount sought
Question 2
Which form is the standard residential mortgage loan application used by Fannie Mae and Freddie Mac?
Correct Answer:
Form 1003 (Uniform Residential Loan Application)
Question 3
Under the SAFE Act, a mortgage loan originator at a non-bank lender must:
Correct Answer:
Be state-licensed and registered in NMLS with at least 20 hours of pre-licensing education
Question 4
The Loan Estimate must be delivered or placed in the mail no later than how many business days after a complete application?
Correct Answer:
3 business days
Question 5
The Closing Disclosure must be received by the consumer at least how many business days before consummation?
Correct Answer:
3 business days
Question 1
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About this Exam

Prepare with the MBA AMP Practice Questions - Accredited Mortgage Professional Exam practice quiz. This question bank includes 100 questions covering loan, mortgage, fannie, many, and standard. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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MBA AMP Practice Questions - Accredited Mortgage Professional Exam

This practice set contains 100 questions from the matching question bank and focuses on loan, mortgage, fannie, many, and standard. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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