0
True or false Servicing fees include fees to cover the costs of processing the loan and obtaining the money for the borrower?
Wiki User
∙ 12y ago
true
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can a co-borrower get off the loan?
The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.
Where can one go to find mortgage servicing software?
Loan servicing software is available from several sources. These include FICS, Lending Pro, The Benedict Group, Capterra, Nortridge, MortCare and IA Solutions.
What is the advantage of obtaining an FHA mortgage loan?
There are many advantages to obtaining an FHA mortgage loan. Among others, these include allowing for a blemished credit history and offering competitive rates and charges.
Where can one find advice on obtaining pre approved loans?
There are many different websites that offer advice on obtaining pre-approved loans. Some of these websites include Edmunds, Smart Money, Realtor, and Zillow.
What is relative efficiency and absolute efficiency in Economics?
Is a measure of time, cost and effort. Measures of an efficient information system include its productivity, processing time, operational costs and level of automations. Measures of an efficient information products include the speed of processing, the functionality of the solution, the ease of use of the solution and output, and the cost of information processing.
What tasks are involved in physical distribution?
Activities involved with the physical distribution process include transporting, warehousing, forecasting, processing orders, inventorying, production planning, selecting sites, and servicing customers.
What is the legal definition of mortgage fraud?
Mortgage fraud is the deliberate omission or misrepresentation of facts on the part of either the borrower or lender with the purpose of obtaining a mortgage loan. Mortgage fraud is essentially the intentional misrepresentation by either the borrower or the lending institution to enable the awarding of a loan. Examples of mortgage fraud include income misrepresentation, and misrepresentation of property use.
Can a co-borrower get off the loan?
The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.
Where can one go to find mortgage servicing software?
Loan servicing software is available from several sources. These include FICS, Lending Pro, The Benedict Group, Capterra, Nortridge, MortCare and IA Solutions.
What are the basic transaction processing activities performed by transaction processing systems?
A transaction processing system is a system that divides work into individual transactions. Types of processing include batch processing, time sharing, real time processing, and transaction processing.
What is the definition of the word obtaining?
The definition of the word "obtaining" is "getting, acquiring, or securing something". Synonyms of this word would include procuring, getting, and acquiring.
Data processing techniques?
There are a number of data processing techniques that can be used. The most common ones are batch processing, online processing, real-time processing and distributed processing.
Who is geotechnician?
the job involve routine lab duties like: -preparing rock, soil and water samples for testing. -analysing the samples physically and chemically. and other functions include: -obtaining and processing geophysical data. -extracting information from seismic surveys. -preparing geological maps sections.
What are the various phases of data processing?
Data processing includes the input, verification, organization, storage, retrieval, transformation, and extraction of information from data. Processing can also include the execution of a program.
What is the advantage of obtaining an FHA mortgage loan?
There are many advantages to obtaining an FHA mortgage loan. Among others, these include allowing for a blemished credit history and offering competitive rates and charges.
Is Most software packages include requirements for processing speed and memory?
yes
What do major computer operations include?
Major operations are three operations: Compiling and processing data done by CPU Graphic Generation and processing done by GPU Arithematic and logic Processing Done by ALU
