Answer both questions please, will give a thumbs up$.$ Is Stella required to obtain any of the missing information? If so$,$ how should she handle filling in the blanks in the application? As according to the fair lending act and ECOA stella is not required to obtain any information. Comment: Unfortunately, that is not the correct answer. In addition, please remember to provide a clear descriptive answer and any relevant Acts to your answer, Scenario Part $2$ Stella has all the information she needs to process the loan application $($either because she had all of the information necessary in the application or Armand sent over pertinent missing information$).$ Stella plans to send Armand important documents electronically. What are the next steps for Stella, assuming the application will be approved? $($Remember to include the names of the acts associated with each step or action.$)$ Assuming approved: $1.$ Provide Armand with a Good Faith Estimate $($GFE$)$ and an Initial Truth in Lending Disclosure $($TIL$)$ in accordance with Regulation Z of the Truth in Lending Act $($TILA$).2.$ Provide Armand with a written list of all the required documents in accordance with the Real Estate Settlement Procedures Act $($RESPA$).3.$ Provide Armand with a copy of the appraisal report in accordance with the Home Valuation Code of Conduct $($ HVCC$).4.$ Obtain Armand's signature on the loan documents in accordance with the Equal Credit Opportunity Act $($ECOA$).5.$ Provide Armand with a copy of the Closing Disclosure $($CD$)$ and a copy of the note in accordance with Regulation Z of the TILA.Instructions Read the following two$-$part scenario and answer the questions provided. In each of your responses, please include: $-$ A clear answer that shows your understanding of the course material $-$ All of the relevant acts that relate to each answer Scenario Part $1$ Stella is a licensed MLO and takes a mortgage loan application from Armand Martinez. The lending company Stella works for is currently performing a law compliance self$-$test. On the application, Armand includes the following information: $-$ His full name $-$ His social security number $-$ His date of birth $-$ His home address, email address, and phone number $-$ His monthly income $-$ The estimated value of the property he's trying to finance $-$ The mortgage amount sought $-$ His age Armand did not include: $-$ The address of the home he's trying to finance $($because he forgot what the address is$)-$ His marital status $-$ His ethnicity or race $($since the application said he did not have to provide that information$)-$ His sex