A loan team is about to close a file involving escrow-account analysis and shortage treatment. Which action should occur first?
Correct Answer
B) Provide the required escrow statement or analysis
Escrow rules address taxes, insurance, cushion limits, statements, and HPML escrow duties. The best answer is "Provide the required escrow statement or analysis".
Why This Is the Correct Answer
Escrow rules address taxes, insurance, cushion limits, statements, and HPML escrow duties. The best answer is "Provide the required escrow statement or analysis".
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