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A pre-closing checklist raises a GSE Funding Operations question for a training manager. What answer should guide the file?

Correct Answer

B) Use GSE rules only for eligible conventional loans

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Use GSE rules only for eligible conventional loans".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Use GSE rules only for eligible conventional loans
C
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
D
Resolve the GSE Funding Operations issue with the credit underwriting exception that does not fit the facts.

Why This Is the Correct Answer

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Use GSE rules only for eligible conventional loans".

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