If an applicant discloses that she is a party to a lawsuit, what should the loan originator request?
A. Nothing since, as a plaintiff, there is no lender concern
B. Evidence of her position as a plaintiff
C. Evidence that the lawsuit has been resolved
D. An application cannot be processed if an applicant is actively involved in litigation
Answer:B
If an applicant discloses that she is a party to a lawsuit, what should the loan originator request?
A. Nothing since, as a plaintiff, there is no lender concern B. Evidence of her position as a plaintiff C. Evidence that the lawsuit has been resolved D. An application cannot be processed if an applicant is actively involved in litigation