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SOFE Exam AFE Topic 3 Question 1 Discussion
Actual exam question for
SOFE's
AFE exam
Question #: 1
Topic #: 3
[All AFE Questions]
Topic #: 3
Evidences the fair market value of the property that is security for the mortgage loan. The appraisal value is used to determine that the loan to market value ratio is in compliance with regulatory requirements. It also is used to determine any non-admitted mortgage loan amount. Appraisals are obtained from:
Suggested Answer:
D
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