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qwelly [4]
1 year ago
12

Which of the following statements is true regarding a mortgage loan originator (mlo)

SAT
1 answer:
blsea [12.9K]1 year ago
5 0

The only option that is correct about a mortgage loan originator is that; Option B: A mortgage loan originator must have a separate license.

<h3>What is a Mortgage Loan Originator?</h3>

Mortgage loan originators are defined as those who help borrowers through the mortgage application process and the loan closing.

Now, a mortgage loan is a loan in which registered property, such as real estate, serves as collateral. If a person borrows money for the purchase of a house, and gives the house as collateral, he is the owner of the property, borrower and mortgagor. The lender, usually a financial institution, is the mortgagee (he acquires the right of mortgage: first right of sale).

Looking at the options, the only one that is correct about a mortgage loan originator is that; Option B: A mortgage loan originator must have a separate license.

The missing options are;

(a) A mortgage loan originator is the same as a mortgage broker.

(b) A mortgage loan originator must have a separate license.

(c) A mortgage loan originator makes loans.

(d) A mortgage loan originator must have a real estate license.

Read more about Mortgage Loan Originator at; brainly.com/question/22598793

#SPJ1

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Find the residual values, and use the graphing calculator tool to make a residual plot.
finlep [7]

Answer:

  • No, the points are evenly distributed about the x-axis.

Explanation:

<u>1. Write the table with the data:</u>

  x      given     predicted       residual

  1       - 3.5         - 1.1

  2      - 2.9           2

  3       - 1.1            5.1

  4        2.2           8.2

  5        3.4           1.3

<u>2. Complete the column of residuals</u>

The residual is the observed (given) value - the predicted value.

  • residual = given - predicted.

Thus, the complete table, with the residual values are:

  x      given     predicted       residual

  1       - 3.5         - 1.1                 - 2.4

  2      - 2.9           2                  - 4.9

  3       - 1.1            5.1                - 6.2

  4        2.2           8.2               - 6.0

  5        3.4           1.3                   2.1

<u>3. Residual plot</u>

You must plot the last column:

  x      residual

  1       - 2.4

  2      - 4.9

  3       - 6.2

  4       - 6.0

  5        2.1

See the plot attached.

<em>Does the residual plot show that the line of best fit is appropriate for the data?</em>

Ideally, a residual plot for a line of best fit that is appropiate for the data must not show any pattern; the points should be randomly distributed about the x-axis.

But the points of the plot are not randomly distributed about the x-axis:  there are 4 points below the x-axis and 1 point over the x-axis: there are more negative residuals than positive residuals.  This is a pattern. Also, you could say that they show a curve pattern, which drives to the same conclusion: the residual plot shows that the line of best fit is not appropiate for the data.

Thus, the conclusion should be: No, the points have a pattern.

  • 1. "<em>Yes, the points have no pattern</em>": false, because as shown, the points do have a pattern, which makes the residual plots does not show that the line of best fit is appropiate for the data.

  • 2. "<em>No, the points are evenly distributed about the x-axis</em>": true. As already said the points have a pattern. It is a curved pattern, and this <em>shows the line of best fit is not appropiate for the data.</em>

  • 3. "<em>No, the points are in a linear pattern</em>": false. The points are not in a linear pattern.

  • 4. "<em>Yes, the points are in a curved pattern</em>": false. Because the points are in a curved pattern, the residual plot shows that the line of best fit is not appropiate for the data.

3 0
3 years ago
Read 2 more answers
Which excerpt from "the treasure of lemon brown" would provide strong evidence that greg feels upset and resentful at the beginn
Molodets [167]

People often feel different  kinds of emotions. The option that gives strong evidence that Greg feels upset and resentful at the beginning of the story is that;

  • The dark sky, filled with angry, swirling clouds, reflected Greg Ridley’s mood as he sat on the stoop of his building. His father’s voice came to him again, first reading the letter the principal had sent to the house, then lecturing endlessly about his poor efforts in math.

<h3>What is the treasure of lemon brown about?</h3>

This story centers around a boy name Greg, who  wants to always playing basketball, but his dad is strongly against it and he told him to quit and be focus on pursuing his studies.

From the story, we can see that Greg realized the importance of family and he knew his father is scolding him because he wants the best for him and love him a lot.

Conclusively, option A is correct.

Learn more about emotions from

brainly.com/question/16804146

4 0
3 years ago
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The United States uses which source of energy to produce almost 40 percent of its
Amiraneli [1.4K]
It should be coal energy
5 0
3 years ago
Explain the different types of marinating meat​
vodomira [7]

Marinades are mixtures of oil, seasonings, and often acidic ingredients, like vinegar, wine, or citrus juice, used to enhance the flavor of foods. There are different types of marinades, classified as acidic, enzymatic, or oil-based.

4 0
3 years ago
The accompanying graph depicts demand at point d demand is
Georgia [21]

The accompanying graph depicts demand At point A, demand is: A)The accompanying graph depicts demand.

<h3>What did the graph depicts  at point A?</h3>

It depict the demands of goods at at that point.

The accompanying graph depicts demand At point A, demand is: A)The accompanying graph depicts demand.

CHECK THE COMPLETE QUESTION:

The accompanying graph depicts demand at point d demand:

A) unit elastic.

B) inelastic.

C) elastic.

D) perfectly elastic.

Learn more about demand on:

brainly.com/question/25220385

#SPJ1

8 0
2 years ago
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