EstatePass
Originationmedium27% of exam

A team member asks about TRID Closing Disclosure in a daily pipeline review while trying to match the file facts to the correct rule. Which response should a compliance analyst use?

Correct Answer

A) Give the required disclosure or notice on time

Borrower communication must be timely, accurate, and tied to disclosure or action-notice duties. The best answer is "Give the required disclosure or notice on time".

Answer Options
A
Give the required disclosure or notice on time
B
Use a phone explanation instead of providing the disclosure required for the file.
C
Delay the early disclosure until underwriting has confirmed the borrower income.
D
Assume the TRID Closing Disclosure condition is met because the borrower satisfied the separate loan estimate requirement.

Why This Is the Correct Answer

Borrower communication must be timely, accurate, and tied to disclosure or action-notice duties. The best answer is "Give the required disclosure or notice on time".

Was this explanation helpful?

More Origination Questions

A disclosure specialist is resolving Income Calculation Methods during an internal audit sample. Which action best fits the rule?

In a closing-readiness check, a quality-control reviewer sees facts tied to Self Employed Income Calculation. What should the file reflect?

During a disclosure desk review, a policy analyst encounters an Income Calculation Self Employed issue. Which response should decide how the file should be documented?

During a training quiz scenario, the loan team encounters an Income Calculation issue. Which response should resolve the issue before the file moves forward?

A team member asks about Dodd Frank MLO Compensation in an investor-delivery review while trying to apply the requirement without relying on borrower preference. Which response should the loan team use?

A team member asks about Construction Loan Terms in a compliance desk review while trying to select the answer that fits the governing requirement. Which response should a disclosure specialist use?

During an advertising approval, a loan file reviewer identifies an issue involving sponsorship and employment status. Which response is most compliant?

A team member asks about Construction Loan Requirements in an investor-delivery review while trying to resolve the issue before the file moves forward. Which response should a licensing coordinator use?

During a disclosure desk review, a training manager encounters a Pre qualification vs Pre approval issue. Which response should decide how the file should be documented?

In a pricing desk question, the loan team sees facts tied to TRID Closing Disclosure Changes. What should the file reflect?

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing