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Originationmedium27% of exam

A processor is resolving Good Faith and Fair Dealing during a quality-control sample. Which action best fits the rule?

Correct Answer

B) Avoid steering the borrower to increase compensation

MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. The best answer is "Avoid steering the borrower to increase compensation".

Answer Options
A
Let sales goals control the recommendation when the file facts point elsewhere.
B
Avoid steering the borrower to increase compensation
C
Treat borrower familiarity with mortgages as a waiver of required file steps.
D
Continue with incomplete facts because the loan appears likely to close.

Why This Is the Correct Answer

MLO obligations include fair dealing, no steering, accurate information, and compliant compensation. The best answer is "Avoid steering the borrower to increase compensation".

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