The Mortgage Knowledge Evaluation was created by Mortgage U as a means by which to evaluate an individual’s basic fundamental mortgage knowledge. The MKE has been described by our clients as a great dynamic tool for both employers and individuals in assessing the subject’s knowledge. It is designed and maintained by The MU Team of mortgage lending experts to be comprehensive, practical, inexpensive and user friendly. As with all Mortgage U products, the MKE can be customized to meet your company’s specific needs.
General Mortgage Knowledge Testing
The Mortgage Knowledge Evaluation is designed to evaluate entry level knowledge of a mortgage industry professional The test is suitable for nearly any staff associate, including those in administrative support positions, origination, processing, underwriting, quality control and account executives.
FHA Mortgage Knowledge Testing
The FHA Knowledge is focused on the 203(b) program and is compiled of questions from eligibility through insuring. The questions require a thorough understanding of the FHA 4155.1 and tests the user on all aspects of the program. This is the perfect test to determine if someone really knows FHA from A-Z.
Individuals can use the Mortgage Knowledge Evaluation and FHA Knowledge Test as a tool for self examination by purchasing a single password to access the test and the test results will be sent to you directly with feedback related to the questions that were answered incorrectly.
Additionally, mortgage companies can use the MKE as part of a screening process for prospective employees or as part of a training course for existing employees and have the feedback sent directly to them keeping the results private and controlled. Logins for the tests can be purchased individually for immediate use or in bulk to distribute whenever you want. With this corporate option the test results are emailed to the purchaser of the tests only. The results can then be assessed in conjunction with the experience level and type of student.
It is important to note that this test is NOT designed to be used as the sole basis for determining whether an individual has the basic knowledge required by a specific company. The company is solely responsible for determining that their hiring practices and use of the test are in compliance with the Equal Employment Opportunity Act and any additional federal or state regulations that may apply.
Mortgage U offers a proctored test service for individuals and companies interested in supervised testing. Exams are conducted at the Mortgage U training center and exam dates are flexible. Call 800-278-0200 for available dates, times and sign up.
Mortgage U wishes to ensure that all individuals are given every reasonable opportunity to take the test regardless of a disability. Please contact our office for any special arrangements that are needed and for our complete policy concerning specific accommodations.
The Mortgage Knowledge Evaluation program can be customized based on a lender’s policies and can modified to:
To order The Mortgage Knowledge Evaluation or The FHA Mortgage Knowledge Test for just $49 per test call today 800-278-0200.