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Originationmedium27% of exam

A mortgage file is paused during a risk-control review because of TRID Loan Estimate Timing. Which answer should identify which rule controls the file?

Correct Answer

D) Verify income or assets with reliable records

Origination files need reliable documentation of income, assets, employment, debts, and changed facts. The best answer is "Verify income or assets with reliable records".

Answer Options
A
Treat unsigned disclosures as valid because the borrower saw them by email.
B
Clear the condition based on a verbal statement that is not documented.
C
Use the secondary-market delivery standard to decide the TRID Loan Estimate Timing issue before confirming the trigger facts.
D
Verify income or assets with reliable records

Why This Is the Correct Answer

Origination files need reliable documentation of income, assets, employment, debts, and changed facts. The best answer is "Verify income or assets with reliable records".

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