A mortgage operations checklist raises a question about RESPA servicing and affiliated-business rules. Which action should the training manager recommend?
Correct Answer
C) Follow the servicing notice or response timeline
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Follow the servicing notice or response timeline".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Follow the servicing notice or response timeline".
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