During quality control, Elliot finds a file issue involving points and fee calculations. Which action is most appropriate?
Correct Answer
B) Use points-and-fees totals before classifying the loan
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Use points-and-fees totals before classifying the loan".
Why This Is the Correct Answer
Points and fees can affect APR, HOEPA, QM, and borrower cost calculations. The best answer is "Use points-and-fees totals before classifying the loan".
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