An MLO works for a lender that doesn't offer government loans in-house but can broker them through wholesale partners. When presenting loan options to a borrower who qualifies for both conventional and FHA loans, the MLO must:
Correct Answer
B) Present both conventional and government loan options despite the operational difference
Anti-steering provisions apply regardless of whether loans are originated in-house or through wholesale/broker channels. If the lender can provide government loans through any channel, the MLO must present options from each qualifying category to comply with anti-steering requirements.
Why This Is the Correct Answer
Anti-steering provisions apply regardless of whether loans are originated in-house or through wholesale/broker channels. If the lender can provide government loans through any channel, the MLO must present options from each qualifying category to comply with anti-steering requirements.
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