Final answer:
OPtion (A), A mortgage loan originator can detect potential fraud by ensuring comparables were closed within the last six months.
Step-by-step explanation:
When reviewing an appraisal, a mortgage loan originator can detect potential fraud by ensuring that the comparables used were closed within the last six months, which is the standard time frame in the industry for providing recent and relevant transaction data.
These comparables are used to assess the current market value of the property in question. It is vital for a mortgage loan originator to ensure that the appraisal is accurate because an overvalued or undervalued property can have significant implications in terms of risk for both the lender and borrower.
In the context of mortgage interest rates and inflation rates, determining the best years for borrowing or lending money would require analyzing the data in Table 6.11 to compare the mortgage interest rates against the rate of inflation for each year. Typically, if the mortgage interest rates are lower than the rate of inflation, it benefits the borrower; whereas, if the rates are higher, it benefits the lender.