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This is a case study two part question A mortgage agent receives referrals from a real estate agent on a regular basis. The real estate
This is a case study two part question
A mortgage agent receives referrals from a real estate agent on a regular basis. The real estate agent has told the mortgage agent that she will be sending him several clients who may have trouble being approved because of their income. The mortgage agent is concerned that if he cannot get these clients approved the real estate agent will find another mortgage agent who can. Given this scenario which of the following statements is correct? Select one: a. The mortgage agent must refer this situation to his principal broker b. The mortgage agent must not do these deals as they are likely fraudulent c. The mortgage agent should consider each applicant on their own merits d. The mortgage agent should tell the real estate agent that he cannot do these deals V a Last year you arranged a private mortgage for a borrower using a private lender. As that mortgage is now coming up for renewal and your borrower wishes to renew it, you must begin preparing the appropriate disclosure documents. Given this scenario which of the following disclosure documents must you provide the private lender to broker this renewal? Select one: a. Lender Commitment b. Credit report C. Mortgage application d. Investor/Lender Disclosure Step by Step Solution
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