Morgan notices a compliance issue tied to fraud red flags and Mortgage Fraud Prevention. What is the best next step?
Correct Answer
D) Verify the inconsistency before relying on the document
fraud red flags require verification, documentation, and escalation before reliance. 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 "Verify the inconsistency before relying on the document".
Why This Is the Correct Answer
fraud red flags require verification, documentation, and escalation before reliance. 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 "Verify the inconsistency before relying on the document".
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A compliance review finds that a loan officer wants different terms because of a protected applicant characteristic. What should the MLO do next?
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