A loan team is about to close a file involving secondary-market loan delivery. Which action should occur first?
Correct Answer
A) Identify the correct secondary-market role
Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".
Why This Is the Correct Answer
Secondary-market participants buy, guarantee, pool, or securitize loans under different roles. The best answer is "Identify the correct secondary-market role".
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