A lender's compensation structure pays MLOs higher commissions for non-QM loans than for conventional or government loans. An MLO can still comply with anti-steering rules by:
Correct Answer
C) Presenting the required loan options from each category regardless of compensation
Anti-steering provisions require MLOs to present appropriate loan options from each category for which the borrower qualifies, regardless of compensation differences. The MLO cannot let compensation considerations influence which loans are presented to borrowers.
Why This Is the Correct Answer
Anti-steering provisions require MLOs to present appropriate loan options from each category for which the borrower qualifies, regardless of compensation differences. The MLO cannot let compensation considerations influence which loans are presented to borrowers.
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