Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

MBA test > Res Loan Admin > Flashcards

Res Loan Admin Flashcards

0
Q

Methods to maximize income

A

Manage delinquencies
Create excess servicing
Pursue ancillary income opportunities
Cross selling opportunities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

Loan admin goals

A

Maximize income
Minimize costs
Reduce and control risk
Create customer goodwill

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Methods to reduce and control risk

A 
Hedge servicing portfolio
Sell loans with higher runoff risk
Buy loans with low runoff risk
Conventional loans
Refi opps to current pipeline
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Prepayment measures (3)

A

CPR- conditional prepayment rate
Smm- single monthly mortality rate- 1 month of the CPR
Psa- prepayment speed assumption- terminology used multiple of CPR
OAS- option adjusted spread- technique used to determine prepayment speeds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Prepayment factors

A 
Demographics
Geographics
Loan type
Age
Channel
Economic conditions
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Portfolio value definitions

A 
Fair market
Book value
Regulatory value
Economic value
Liquidity value
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Loss mitigation relief types

A 
Refinance
Deed in lieu
Forbearance
Repayment
Modification
Assumption
Short sale
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Loan admin expenses

A 
Direct expense
Tax payment
Communication to borrowers
Errors
Delinquencies/foreclosures
Va no bid
Economics of scale
Hedge cost
Conversion cost
Interest mbs
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Remittance / payment schedules

A

Actual / actual- amt received
Scheduled/ scheduled- amts due
Scheduled/actual-interest due / principal received

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Characteristics of amortizing servicing

A

An assets
Fas 140- requires cash flow amortized over life of loan
-creates decrease on financials
- no effect to funds
Speed of pmrs-direct affect on tax savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Servicing sale types

A 
Servicing release
Bulk sales
Flow
Aot
Concurrent transfer- note and servicing 
Mini bulk sale
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Revenue sources

A 
Servicing fees
Excess servicing
Float
Ancillary income- late fees
Cross sell
Escrow balance 
Net interest income
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Manage and minimize costs

A 
Outsource
Automated foreclosure tracking
Edi
Electronic payments
Web customer inquiries
Delinquency scoring
Originate quality loans
Initiate mitigation workouts
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Guarantee fees

A

agency servicing fees to ensure timely payment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Escrow analysis

A

Annual review of each escrow acct for balances

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

5 r’s of investor accounting

A 
Report
Remit
Review
Reconcile
Remedy
16
Q

Primary function

A

Acct for all funds received and report loan performance to investors.

17
Q

Servicing acquisition- due diligence

A

Assessment of risk
Loan file review
Compliance review
Servicing review

MBA test (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions