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Before the file moves forward, Quinn must resolve an issue involving Closing Process. What should happen?

Correct Answer

A) Use the settlement charge rule before closing

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Use the settlement charge rule before closing".

Answer Options
A
Use the settlement charge rule before closing
B
Apply a different loan-program rule without checking the file facts.
C
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
D
Use the same treatment for all mortgage products without comparing program requirements.

Why This Is the Correct Answer

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Use the settlement charge rule before closing".

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