EstatePass
Ethics & Fraudeasy18% of exam

Before the file moves forward, Jamie must resolve an issue involving fraud red flags 2 and Fraud Recognition. What should happen?

Correct Answer

C) Request reliable support before using the income or asset

document discrepancies and suspicious patterns must be verified and escalated. 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 "Request reliable support before using the income or asset".

Answer Options
A
Proceed based only on borrower preference and document the file later.
B
Rely on sales practice rather than required verification, disclosure, or documentation.
C
Request reliable support before using the income or asset
D
Use a manager exception instead of the required federal mortgage rule.

Why This Is the Correct Answer

document discrepancies and suspicious patterns must be verified and escalated. 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 "Request reliable support before using the income or asset".

Was this explanation helpful?

More Ethics & Fraud Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing