Đạo đứcCâu 288 / 400
A loan officer pressures an appraiser to 'hit' a value $40,000 higher than comparable sales support, so the loan will close. This is best described as:
a.A permissible reconsideration of value
b.Appraisal fraud / undue influence on the appraiser
c.Occupancy fraud
d.A legitimate quality-control review
Giải thích
Coercing or pressuring an appraiser to reach a predetermined value undermines an independent valuation and is appraisal fraud, prohibited under appraiser-independence rules. A permissible reconsideration presents new comparable data without dictating a target, and neither occupancy fraud nor a routine QC review involves pressuring the value.
Trích dẫn luật: Mortgage fraud (appraisal fraud)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A borrower buying a second home tells the loan officer she will live in it as her primary residence to obtain a lower rate, though she plans to rent it out. This is an example of what type of mortgage fraud?
- An applicant submits altered pay stubs showing $8,000 monthly income when he actually earns $4,000. What type of fraud is this?
- An investor with poor credit pays his cousin, who has good credit, to apply for a mortgage and take title, though the investor will make payments and control the property. The cousin is acting as a:
- A fraudster uses a stolen Social Security number and driver's license to apply for a mortgage in someone else's name without their knowledge. This type of fraud is:
- In a fraud-for-profit scheme involving inflated appraisals and quick resales (flipping), who is typically harmed?
- A family exaggerates their income slightly so they can qualify to buy a home they intend to live in. This is generally categorized as:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra