Loan Genius Mortgage Trivia
Business, Other, Professional Development
Professional Development
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In mortgage lending, what do the letters FHA Stand for?
First-time Homebuyer Association
Federal Housing Assistance
Federal Homebuyer Association
Federal Housing Administration
Federal Housing Association
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Maximum Debt to Income Ratio on an FHA loan?
45%
50%
57%
65%
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Why should you refer your buyers to Loan Genius?
We have no upfront “junk fees” like processing or underwriting fees on FHA, VA, and Conventional loans, saving your buyers $1200-$1500.
We have rates and pricing that are so good, in addition to waiving upfront fees we often give back 1.5% to 2% of their loan amount in lender credit for closing costs. $300k loan = extra $6,000 in their pocket.
We do all types of loans and have specialty programs for almost every situation. Including self-employed borrowers who don’t qualify using tax returns, foreign nationals, non-warrantable condos, construction/rehab loans.
Our loan officers go to the closing, bring a closing gift, and have a champagne toast with you and your buyers creating a memorable celebration and lasting impression of their experience, helping you earn more referrals.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Broward County, what is the maximum mortgage limit for a VA Loan?
356,500
484,300
457,000
No Limit
1,000,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a homebuyer receives their closing disclosure (CD) on Wednesday, what is the earliest possible day they can close and fund?
Monday
Tuesday
Wednesday
Thursday
Friday
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a homebuyer receives their closing disclosure (CD) on Thursday, what is the earliest possible day they can close and fund?
Monday
Tuesday
Wednesday
Thursday
Friday
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are you going to call for your next pre-approval?
Loan Genius
Loan Genius
Loan Genius
Loan Genius. And I have already saved your number in my phone.
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