during a conventional and conforming loan rules review, a branch supervisor identifies an issue involving conventional and conforming loan rules. Which response is most compliant?
Correct Answer
D) Classify the loan as conventional and then test conforming eligibility
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Classify the loan as conventional and then test conforming eligibility".
Why This Is the Correct Answer
Conventional loans are not government insured and may be conforming or nonconforming. The best answer is "Classify the loan as conventional and then test conforming eligibility".
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