A borrower scenario raises a question about documentation and TRID — Closing Disclosure Changes. Which answer should Oakley rely on?
Correct Answer
A) Document the material change before closing
origination files need reliable documentation of income, assets, employment, debts, and changed facts. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Document the material change before closing".
Why This Is the Correct Answer
origination files need reliable documentation of income, assets, employment, debts, and changed facts. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Document the material change before closing".
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