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A borrower scenario raises a question about loan-application timing and documentation. Which answer should Oakley rely on?

Correct Answer

D) Recognize when the TRID application trigger has occurred

Loan application processing depends on required application data, documentation, and disclosure timing. The best answer is "Recognize when the TRID application trigger has occurred".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
C
Use the same treatment for all mortgage products without comparing program requirements.
D
Recognize when the TRID application trigger has occurred

Why This Is the Correct Answer

Loan application processing depends on required application data, documentation, and disclosure timing. The best answer is "Recognize when the TRID application trigger has occurred".

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