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A mortgage file is paused during a lock-desk handoff because of Pre approval Process. Which answer should decide how the file should be documented?

Correct Answer

B) Recalculate qualification using the verified information

Prequalification is preliminary and must be updated with verified debts, income, and application facts. The best answer is "Recalculate qualification using the verified information".

Answer Options
A
Delay the Pre approval Process step until a later advertising disclosure review instead of acting now.
B
Recalculate qualification using the verified information
C
Call the borrower approved before verified application information is received.
D
Ignore known debt because prequalification is informal.

Why This Is the Correct Answer

Prequalification is preliminary and must be updated with verified debts, income, and application facts. The best answer is "Recalculate qualification using the verified information".

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