Casey notices a compliance issue tied to fraud red flags 2 and Fraud Detection and Prevention. What is the best next step?
Correct Answer
A) Verify the discrepancy with independent documentation
document discrepancies and suspicious patterns must be verified and escalated. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Verify the discrepancy with independent documentation".
Why This Is the Correct Answer
document discrepancies and suspicious patterns must be verified and escalated. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Verify the discrepancy with independent documentation".
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Before closing, the team discovers that a borrower asks whether the company will file a suspicious activity report. What is the safest compliant answer?
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