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RC 3.20

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

What date is annual compliance training due?

a)

March 27

b)

March 30

c)

March 31

d)

Making a sandwich

2.

Old Republic and TRG will not insure properties in areas with recording delays.

a)

True

b)

False

3.

What must be done on digital mortgage files to populate rep and warrant tracker?

a)

Activate via DU settings

b)

Re-run AUS

c)

Run Rep and Warrant tool

d)

No action is required

4.

What live training sessions are still available for FlashClose+?

a)

March 20 11am and 3pm

b)

March 20 2pm

c)

Live training starts NEXT week

d)

There is no live training

5.

What can we NOT do at corporate until further notice?

a)

Party like it's 1999

b)

Show up in person

c)

Wear black jeans that look like slacks

d)

Request checks

6.

Due to COVID 19 what is office capacity limited to?

a)

Offices are closed

b)

10%

c)

25%

d)

50%

7.

Do THIS after submitting lock request

a)

Email or call to confirm your request was received

b)

Follow up by 4pm to make sure your request is confirmed

c)

Save and exit the file

d)

All of the above

8.

What should you do if you suspect you have coronavirus?

a)

Put a sign on your individual desk letting coworkers know

b)

Notify your branch manager and seek medical attention or self quarantine

c)

Use extra hand sanitizer

d)

Nothing, it's probably just allergies

9.

What is now required on all loans including IRRRLs?

a)

An appraisal

b)

Full credit underwriting and appraisal

c)

Collect app fee prior to submission

d)

Certificate of health and vitality for primary borrower(s)

10.

Effective immediately refinances will now be routed to

a)

The circular filing cabinet in the corner of your office

b)

New conventional refi region

c)

New regional refi regions

d)

Quicken Loans

11.

These types of loans are suspended unless locked:

a)

All refinances

b)

All HFA loans

c)

HFA Refinances

d)

VA loans