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Casey notices a compliance issue tied to GSE secondary-market requirements. What is the best next step?

Correct Answer

D) Check whether the loan meets GSE conforming eligibility

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Check whether the loan meets GSE conforming eligibility".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
C
Use the same treatment for all mortgage products without comparing program requirements.
D
Check whether the loan meets GSE conforming eligibility

Why This Is the Correct Answer

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Check whether the loan meets GSE conforming eligibility".

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