A loan team is about to close a file involving processing and underwriting review. Which action should occur first?
Correct Answer
B) Document the title or underwriting issue before funding
Processing and underwriting verify title, collateral, income, assets, credit, and conditions before approval. The best answer is "Document the title or underwriting issue before funding".
Why This Is the Correct Answer
Processing and underwriting verify title, collateral, income, assets, credit, and conditions before approval. The best answer is "Document the title or underwriting issue before funding".
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