34 A mortgage loan originator (MLO) learns that the employer of one of his applicants is going out of business after ti any, should the MLO takes A) Transfer the loan file to another MLO B) Notify the underwriter of the applicant's potential job loss C) Contact the borrower to verify if this information is accurate D) Nothing, as the applicant will be employed when the pre-closing employment verification is performed
34 A mortgage loan originator (MLO) learns that the employer of one of his applicants is going out of business after ti any, should the MLO takes A) Transfer the loan file to another MLO B) Notify the underwriter of the applicant's potential job loss C) Contact the borrower to verify if this information is accurate D) Nothing, as the applicant will be employed when the pre-closing employment verification is performed
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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