EstatePass
Originationeasy27% of exam

During intake, a loan officer wants the appraiser to raise the value to make the deal work. What is the best compliant response?

Correct Answer

C) Do not pressure the appraiser to reach a target value

Lines 215-219; 12 CFR 1026.42(c). Appraisal independence bars pressure or inducements that affect the valuation result. Therefore, the correct response is "Do not pressure the appraiser to reach a target value".

Answer Options
A
Order a second appraisal solely because the first value was too low.
B
Withhold the valuation copy until closing if the applicant does not ask.
C
Do not pressure the appraiser to reach a target value
D
Remove unfavorable valuation comments before giving the report to the applicant.

Why This Is the Correct Answer

Lines 215-219; 12 CFR 1026.42(c). Appraisal independence bars pressure or inducements that affect the valuation result. Therefore, the correct response is "Do not pressure the appraiser to reach a target value".

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