Before the loan advances, a training manager must resolve an refinance benefit and repayment-ability review issue in a supervisory file review. What should happen?
Correct Answer
A) Avoid refinancing that increases cost without benefit
Refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. The best answer is "Avoid refinancing that increases cost without benefit".
Why This Is the Correct Answer
Refinance recommendations should be evaluated for borrower benefit, repayment ability, and steering risk. The best answer is "Avoid refinancing that increases cost without benefit".
More Origination Questions
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