This LRPU process test focuses on evaluating handling of loan processing scenarios involving discrepancies in borrower income verification and hardship claims. It tests accuracy in following standard procedures and guidelines relevant to the mortgage industry.
True
False
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Consider the 4506T from older link and process the loan.
Condition the loan for 4506T which is not altered
Consider altered 4506T.
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Hardship missing some pages
Additional information required regarding RMA
Financial form missing some pages
Do not condition the loan
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True
False
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True
False
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True
False
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Condition the loan for Non brw income proofs.
Ignore Non brw authorization
Condition the loan for clarification on Non brw income
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True
False
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True
False
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True
False
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Deny the loan for H2DNY51/HDENY51
Process the loan normally
Approach Team Leader
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Condition for clarification on income
Process the loan normally
Approach Team Leader
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True
False
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True
False
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True
False
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True
False
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Condition the loan for clarification
Process the loan normally ignoring business income.
Cancel the workflow
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False
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True
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Quiz Review Timeline (Updated): Jul 31, 2024 +
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