Indigo receives conflicting instructions about appraisal and valuation requirements and valuation requirements. Which instruction should control?
Correct Answer
C) Resolve valuation independence concerns before relying on the appraisal
Appraisal handling requires valuation independence and timely valuation copies. The best answer is "Resolve valuation independence concerns before relying on the appraisal".
Why This Is the Correct Answer
Appraisal handling requires valuation independence and timely valuation copies. The best answer is "Resolve valuation independence concerns before relying on the appraisal".
More Origination Questions
A branch manager asks about a loan file because a processor wants to omit known monthly obligations from underwriting. What should happen?
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