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A loan team is about to close a file involving TRID Loan Estimate Changes. Which action should occur first?

Correct Answer

A) 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
Delay closing until required documents are complete
B
Apply a different loan-program rule without checking the file facts.
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

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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