A mortgage file is paused during a lock-desk handoff because of HPA PMI Termination. Which answer should choose the compliant next step?
Correct Answer
B) Apply final termination at the midpoint when required
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Apply final termination at the midpoint when required".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Apply final termination at the midpoint when required".
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