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["Beginning Lending Test 5"]
[]
["1. To close out of the Loan Payment Worksheet, you can"]
["a. Press the escape key on your keyboard."]
["b. Click on the ‘x’ in the upper right corner of the outside border."]
["c. Click on the ‘x’ in the upper right corner of the inside border."]
["d. Either A or B."]
["e. Either A or C."]
[]
["2. If you would like to preset loan personnel to automatically enter in the vision file, you"]
["a. Tell the System Administrator to preset the control."]
["b. Preset the names you want in the “Individual Office Loan Creation Presets” control, "]
["     found by scrolling down in the top window."]
[]
["3. In order to verify assets and liabilities"]
["a. Go to the Submission Stage and click on the verify control below the corresponding description, "]
["     to launch an input vision where you may click to verify data and/or modify verified data where needed."]
["b. Go to the Review/Verification Stage and click on the verify control below the corresponding description,"]
["     to launch an input vision where you may click to verify data and/or modify verified data where needed."]
[]
["4. The VIEW button ‘Verify Income, Assets and Liabilities’ found in the Submission Stage"]
["a. Will automatically verify all fields requiring verification with initial information."]
["b. Will launch the FNMA Application, to direct you toward additional worksheets, "]
["     such as employment information, where you can verify corresponding data."]
[]
["5. The Loan Disposition/Action Date control is provided in the Submission Stage"]
["a. For instances when the loan is withdrawn or denied."]
["b. For instances when the loan is granted."]
[]
["6. The security instrument and whether a state specific note is required, is determined by"]
["a. The state of the Present Address."]
["b. The individual entering the loan."]
["c. The state of the Subject Property Address."]
[]
["7. If an investor datavision is selected in the ‘Final Ownership of Loan’ control"]
["a. Additional investor specific questions will be inserted in the vision file."]
["b. Investor specific forms may insert in your list of events."]
["c. All of the above."]
[]
["8. The Notary Expiration Date"]
["a. May be entered or changed from either the Individual Information worksheet for "]
["     that Notary or, from within the Closing Stage vision file."]
["b. Must be entered in the Individual Information worksheet for that notary."]
["c. Must be entered from the Closing Stage vision file."]
[]
["9. If another firm is reporting information about the loan to the IRS"]
["a. You must also include the loan in all reports."]
["b. You must exclude the loan from the appropriate reports, using the ‘Exclude from "]
["     1098 or 1099-S Reporting’ control."]
[]
["10. The Loan Disposition/Action Date control is where you enter"]
["a. The day the loan is closed."]
["b. The Beginning Payment date."]
["c. The day a decision was made in regards to the loan, whether it is the day "]
["     the loan was closed, withdrawn or denied."]

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[]
["a"]
["b"]
["c"]
["d"]
["e"]