A branch supervisor asks Cameron how to handle TRID Loan Estimate timing timing. What should Cameron recommend?
Correct Answer
D) Count timing from the application trigger
TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Count timing from the application trigger".
Why This Is the Correct Answer
TRID Loan Estimate duties begin when the application trigger is met. The best answer is "Count timing from the application trigger".
More Federal Laws Questions
During intake, a borrower sends a written request for information to the servicer-designated address. What is the best compliant response?
Parker is training a new MLO on Fair Housing Act compliance Act compliance. Which statement is accurate?
Hayden is training a new MLO on Homeowners Protection Act PMI rules. Which statement is accurate?
Lane receives conflicting instructions about TRID Loan Estimate timing timing. Which instruction should control?
A branch manager asks about a loan file because a compliance analyst asks why covered mortgage application data is collected. What should happen?
Before closing, the team discovers that a compliance analyst asks why covered mortgage application data is collected. What is the safest compliant answer?
During intake, the loan schedule reaches the automatic PMI termination point. What is the best compliant response?
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