Indigo receives conflicting instructions about DTI Calculation Methods. Which instruction should control?
Correct Answer
C) Use CLTV when subordinate financing exists
LTV and DTI calculations support repayment and collateral analysis. The best answer is "Use CLTV when subordinate financing exists".
Why This Is the Correct Answer
LTV and DTI calculations support repayment and collateral analysis. The best answer is "Use CLTV when subordinate financing exists".
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Before the loan advances, a branch supervisor must resolve a conventional and conforming loan rules issue in a disciplinary-risk review. What should happen?
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During quality control, Noel finds a file issue involving TRID Closing Disclosure. Which action is most appropriate?