A mortgage team asks a branch supervisor about RESPA servicing and affiliated-business rules during a supervisory file review. Which answer should guide the file?
Correct Answer
A) Follow the servicing notice or response timeline
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Follow the servicing notice or response timeline".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Follow the servicing notice or response timeline".
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