Which of the following actions should a mortgage loan originator take after discovering that a borrower has financed an automobile from a dealership that does not report loans to credit reporting agencies? A)Advise the borrower that there is no need to list the obligation on the loan application because the B) obligation is not shown on the borrower's credit report B) Advise the borrower to contact the dealership and request a letter stating that the loan is paid in full D) Advise the borrower to include the obligation on the loan application (D O Wait for the mortgage loan underwriter to discover the obligation (
Which of the following actions should a mortgage loan originator take after discovering that a borrower has financed an automobile from a dealership that does not report loans to credit reporting agencies? A)Advise the borrower that there is no need to list the obligation on the loan application because the B) obligation is not shown on the borrower's credit report B) Advise the borrower to contact the dealership and request a letter stating that the loan is paid in full D) Advise the borrower to include the obligation on the loan application (D O Wait for the mortgage loan underwriter to discover the obligation (
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
![Which of the following actions should a
mortgage loan originator take after discovering
that a borrower has financed an automobile
from a dealership that does not report loans to
credit reporting agencies?
A)Advise the borrower that there is no need to
list the obligation on the loan application
because the
B) obligation is not shown on the borrower's
credit report
B) Advise the borrower to contact the dealership
and request a letter stating that the loan is paid
in full
D) Advise the borrower to include the obligation
on the loan application
(D O Wait for the mortgage loan underwriter to
discover the obligation
(](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F965c744e-e3e2-445f-a81d-7f64deb3a3eb%2F6252626e-55b0-4b95-bf18-affa171d80cc%2Fvpc0fe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following actions should a
mortgage loan originator take after discovering
that a borrower has financed an automobile
from a dealership that does not report loans to
credit reporting agencies?
A)Advise the borrower that there is no need to
list the obligation on the loan application
because the
B) obligation is not shown on the borrower's
credit report
B) Advise the borrower to contact the dealership
and request a letter stating that the loan is paid
in full
D) Advise the borrower to include the obligation
on the loan application
(D O Wait for the mortgage loan underwriter to
discover the obligation
(
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