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Question 1 of 5
1. Question
A mortgage originator receives borrower information indirectly from another individual who collected it from the borrower.
Does this constitute taking a residential mortgage loan application?
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Question 2 of 5
2. Question
A mortgage broker collects borrower information but does not verify it before sending it to the lender.
Is this individual considered to have taken a loan application?
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Question 3 of 5
3. Question
A loan officer enters borrower data into an automated application system but does not make loan decisions.
Has the loan officer taken a loan application?
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Question 4 of 5
4. Question
A mortgage broker gathers borrower information but does not participate in loan approval.
Is this considered taking a loan application?
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Question 5 of 5
5. Question
An individual receives a completed loan application by mail and forwards it without review to loan approval staff.
Is this considered taking a loan application?
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