A branch supervisor asks Cameron how to handle points and fee calculations. What should Cameron recommend?
Correct Answer
D) Include covered originator compensation when required
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Include covered originator compensation when required".
Why This Is the Correct Answer
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Include covered originator compensation when required".
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