An internal audit flags VA loan eligibility and occupancy. Which response best protects compliance?
Correct Answer
C) Check whether the borrower has available VA entitlement
VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Check whether the borrower has available VA entitlement".
Why This Is the Correct Answer
VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Check whether the borrower has available VA entitlement".
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