A mortgage team asks a loan file reviewer about SCRA borrower protections during a new-license application. Which answer should guide the file?
Correct Answer
A) Review foreclosure timing under SCRA protections
SCRA protects eligible servicemembers on covered obligations and foreclosure actions. The best answer is "Review foreclosure timing under SCRA protections".
Why This Is the Correct Answer
SCRA protects eligible servicemembers on covered obligations and foreclosure actions. The best answer is "Review foreclosure timing under SCRA protections".
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A loan team is about to close a file involving TRID Closing Disclosure timing timing. Which action should occur first?
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