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A record-retention audit raises a question about secondary-market loan delivery. Which action should the loan file reviewer recommend?

Correct Answer

D) Identify the correct secondary-market role

Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Delay the Secondary Market Operations step until a later servicing transfer review instead of acting now.
C
Use the same treatment for all mortgage products without comparing program requirements.
D
Identify the correct secondary-market role

Why This Is the Correct Answer

Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".

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