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A borrower scenario raises a question about processing and underwriting review. Which answer should Frankie rely on?

Correct Answer

B) Resolve the underwriting condition before closing

Processing and underwriting verify title, collateral, income, assets, credit, and conditions before approval. The best answer is "Resolve the underwriting condition before closing".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Resolve the underwriting condition before closing
C
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
D
Use the same treatment for all mortgage products without comparing program requirements.

Why This Is the Correct Answer

Processing and underwriting verify title, collateral, income, assets, credit, and conditions before approval. The best answer is "Resolve the underwriting condition before closing".

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