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Hayden is training a new MLO on Closing Protection Letter. Which statement is accurate?

Correct Answer

D) Resolve title or signature issues before consummation

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Resolve title or signature issues before consummation".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
C
Use the same treatment for all mortgage products without comparing program requirements.
D
Resolve title or signature issues before consummation

Why This Is the Correct Answer

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Resolve title or signature issues before consummation".

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