HomePoint Test

HomePoint Knowledge Quiz

Test your understanding of critical documentation processes in mortgage servicing and wholesale!

This quiz includes:

10 Questions2 MinutesCreated by AnalyzingData42

How many critical documents goes to extraction for Corr ADE and Servicing ADE ?

Corr - 41, Serv- 13

Corr- 40, Serv- 15

Corr- 37, Serv- 12

Corr- 41, Serv- 16

What we need to index closing disclosure in Servicing ADR, Corr- ADR, and Wholesale ?

Closing Disclosure, Seller Closing Disclosure, Draft CD

Closing Disclosure, Closing Disclosure, Draft CD

Draft CD, Seller Closing Disclosure, Closing Disclosure

Seller Closing Disclosure, Closing Disclosure, Closing Disclosure

In wholesale, if we received W-9, W-2, and IRS 1099 in one page, what we index the document ?

Tax Transcript

W-9

W-2

Tax Return

If we receive multiple Bank Statement in wholesale, what we need to check?

Statement Period

Borrower Name

Account Number

All Above

If we receive W-2 (Year- 2018, 2019) and two copies of 2020 for same borrower but, company name is different what we do in Corr- ADR?

Merge all W-2 and take a top recent

Merge all

All W-2 named as separately

Merge all w-2 year wise and duplicate year check in URLA

What we need to index Mortgage Insurance Certificate in Servicing ADR, Corr- ADR, and Wholesale?

MIC, PMI, PMI Disclosure

MIC, PMI, MIC

PMI, MIC, MIC

MIC, MIC, MIC

What is the name of check in wholesale, Corr ADR, Servicing ADR?

Check, Bank Statement, Check

Bank Statement, Bank Statement, Check

Bank Statement, Bank Statement, Bank Statement

Bank Statement, Check, Bank Statement