A loan file reviewer is training staff on sponsorship and employment status using a supervisory file review. Which statement is accurate?
Correct Answer
B) Confirm sponsorship and authorization before originating
MLOs must be properly licensed or registered before taking applications or offering/negotiating terms. The best answer is "Confirm sponsorship and authorization before originating".
Why This Is the Correct Answer
MLOs must be properly licensed or registered before taking applications or offering/negotiating terms. The best answer is "Confirm sponsorship and authorization before originating".
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