Financing and Settlement Exam 4 & 5 Flashcards Preview

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Flashcards in Financing and Settlement Exam 4 & 5 Deck (4)
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1

Covenant of Seisen deals with issues of

identity, power of attorney, spousal interest in the property

2

Zero Tolerance for what

1. Appraisal that lender chose
2. Origination charge

3

What can change 10% from the loan estimate?

Title insurance that the borrower selected

4

What is the largest allowed change between good faith closing cost and actual closing cost

10%