A loan team is about to close a file involving credit evaluation and Credit Analysis and Underwriting. Which action should occur first?
Correct Answer
D) Update the analysis when credit facts change
credit evaluation uses verified credit, debts, history, and repayment ability. 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 "Update the analysis when credit facts change".
Why This Is the Correct Answer
credit evaluation uses verified credit, debts, history, and repayment ability. 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 "Update the analysis when credit facts change".
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