Before the loan advances, a licensing coordinator must resolve a conventional and conforming loan rules issue in a conventional and conforming loan rules. What should happen?
Correct Answer
B) Recognize nonconforming loans may use private investor standards
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Recognize nonconforming loans may use private investor standards".
Why This Is the Correct Answer
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Recognize nonconforming loans may use private investor standards".
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