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A financial institution opens a mortgage loan for a customer.

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A financial institution opens a mortgage loan for a customer. During a subsequent internal review of the loan, it was noted that the appraisal used to support the loan was performed by an appraiser who was not on the institution's approved appraiser list. This exception was approved by the senior loan underwriter. The reviewer, who had examined other loans from the same general area, noted that the value on the loan appeared significantly higher than on other comparable properties. Which of the following should the anti-money laundering specialist recommend next?

A.

Determine whether the loan underwriter reviewed the appraiser's license for validity.

B.

Alert local law enforcement regarding a potential collusive relationship between the un-derwriter and appraiser.

C.

Document the underwriter's actions prior to filing a suspicious transaction report.

D.

Train the appraiser on anti-money laundering compliance for high-end real estate loans.

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