In a supervisory review in Florida, a review analyst checks an application package against application and licensing qualifications. What should the file reflect?
Correct Answer
A) Florida loan origination includes soliciting loans, accepting applications, and offering or negotiating mortgage terms.
Florida defines loan origination activity around soliciting or offering to solicit a mortgage loan, accepting or offering to accept an application, negotiating or offering to negotiate loan terms, or negotiating terms of an existing mortgage loan on behalf of a borrower or lender.
Why This Is the Correct Answer
Florida defines loan origination activity around soliciting or offering to solicit a mortgage loan, accepting or offering to accept an application, negotiating or offering to negotiate loan terms, or negotiating terms of an existing mortgage loan on behalf of a borrower or lender.
More UST Questions
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