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A mortgage file is paused during a risk-control review because of Credit Analysis and Documentation. Which answer should identify which rule controls the file?

Correct Answer

B) Include known debts in repayment analysis

Credit evaluation uses verified credit, debts, history, and repayment ability. The best answer is "Include known debts in repayment analysis".

Answer Options
A
Use the lowest middle score from a different borrower to improve pricing.
B
Include known debts in repayment analysis
C
Clear credit conditions without documenting the explanation for derogatory items.
D
Exclude a known monthly liability because it was omitted from the initial application.

Why This Is the Correct Answer

Credit evaluation uses verified credit, debts, history, and repayment ability. The best answer is "Include known debts in repayment analysis".

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