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If a borrower only receives commission pay for 18 months, which of the following actions...

If a borrower only receives commission pay for 18 months, which of the following actions should a mortgage loan originator (MLO) take?

A.

Take the application but tell the borrower that they will need a cosigner

B.

Take the application because positive factors may offset the short income history

C.

Tell the borrower they need a steady income and not one that fluctuates

D.

Tell the borrower to come back in 6 months when they will have 24 months of commission pay

NMLS MLO Summary

  • Vendor: NMLS
  • Product: MLO
  • Update on: Jul 22, 2025
  • Questions: 230
Price: $52.5  $149.99
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