An internal audit flags secondary-market loan delivery. Which response best protects compliance?
Correct Answer
B) Identify the correct secondary-market role
Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".
Why This Is the Correct Answer
Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".
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Finley is training a new MLO on loan-application timing and documentation. Which statement is accurate?
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Before the loan advances, a sponsorship reviewer must resolve a secondary-market loan delivery issue during a secondary-market loan delivery review. What should happen?