A loan team is about to close a file involving appraisal and valuation requirements and valuation requirements. Which action should occur first?
Correct Answer
A) Provide valuation copies within the required timing
Appraisal handling requires valuation independence and timely valuation copies. The best answer is "Provide valuation copies within the required timing".
Why This Is the Correct Answer
Appraisal handling requires valuation independence and timely valuation copies. The best answer is "Provide valuation copies within the required timing".
More Origination Questions
A branch manager asks about a loan file because a processor wants to omit known monthly obligations from underwriting. What should happen?
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