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An internal audit flags Closing Process Management Management. Which response best protects compliance?

Correct Answer

C) Delay closing until required documents are complete

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Delay closing until required documents are complete".

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
Delay closing until required documents are complete
D
Use the same treatment for all mortgage products without comparing program requirements.

Why This Is the Correct Answer

Closing requires correct disclosures, title documents, signatures, and settlement charges before consummation. The best answer is "Delay closing until required documents are complete".

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