Challenge Your Exam Readiness With Our Free Loan Officer Practice Questions

Question # 56

A borrower’s loan application contains an error that benefits the borrower. The ethical loan officer should:

Options:

A.

Ignore it to help the borrower qualify.

B.

Correct the error and verify accuracy with the borrower.

C.

Submit as-is without verification.

D.

Suggest altering data to improve approval odds.

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Loan Officer Overview

Name Loan Officer
Code Loan Officer
Vendor Finance, Insurance and Real Est
Certification State Licensing Boards

Loan Officer Questions