Milestone Quiz-TW-Class 2/8/21

You are in 2nd Level Review, and you have completed the initial review of a Contract loan. You decide to conditionally approve it. In which milestone would you park the loan?
QC Review
Prefund QC
UW Review
Resubmittal
What milestone is this loan in?
Processing Completed
File Started
Submittal
QC Review
You are in 2nd Level Review. You have completed the final review of your contract loan. You upload your Final Checklist and mark all required buckets as Ready to Ship. In which milestone would you place the loan?
Approval
Clear to Close
Prefund QC expected
Resubmittal
You are in 2nd Level Review. You completed the initial review, and have received feedback from the reviewer. He agrees with your decision to suspend. After making all requested revisions, you would park the loan in this milestone:
Submittal
UW Review
QC Review
Processing
File Started
You have received your results from 2nd Level Review. They agree with your decision to conditionally approve the loan. Once you make the required revisions, you would then move the loan to which milestone?
Clear to Close
QC Review
Resubmittal
UW Review
The CM will place the loan in this milestone to indicate that all conditions are in and it is ready for final review,
Approval
Clear to Close
QC Review
UW Review
You are no longer in 2nd Level Review. You have completed your final review and uploaded the final DU, 1008, and 1003. Which milestone would you move the loan to?
Clear to Close
Prefund QC expected
Doc Signing
Approval
You are in 2nd level review, and you have just completed your initial contract review, and you decided to suspend it. Which milestone would you move the loan to?
UW Review
QC Review
Submittal
Resubmittal
You are NOT in 2nd Level Review. You complete a PA2 review and will issue a Preapproval Letter. To which milestone would you move the loan?
Submittal
QC Review
UW Review
None of the above
You are reviewing a PA2 application, and you see that there is a purchase contract in the eFolder documents. The loan is currently in the App in Review milestone. Can you complete the contract review?
You are in 2nd Level Review. Which milestone would you move the loan to when you have completed your appraisal review?
N/A; you do not move the milestone at appraisal review
QC Review
Resubmittal
Approval
You are in 2nd Level Review, and you receive feedback from the reviewer on your Final Review. She agrees that the loan is ready to move to closing. To which milestone would you then move the loan?
Prefund QC expected
Approval
Clear to Close
Doc Signing
What is your first and last name?
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