When sponsorship ends, which party should receive the originating records?

• A. The Borrower
• B. The Sponsoring Entity
• C. The Regulator
• D. The Public Records Office

Answer: (B)

When sponsorship ends, the originating records should go to the party that sponsored the loan. The sponsoring entity is the custodian of the original loan file—the documents that establish the loan’s terms, including the note, closing documents, and related materials. Maintaining these records with the sponsor ensures a complete, auditable trail for the loan, which is essential for servicing transfers, audits, and compliance. The borrower may have access to copies, but they aren’t the official custodian of the origination package. Regulators oversee compliance, and public records offices store public filings like the recorded mortgage, not the full origination file.