Without getting too technical in competences framework
S&T can operate points for maintenance fault finding but can not operate points to set a route unless they have points operator competence which is different to signal maintenance handbook functions.
This may be a local instruction for my neck of the woods, but we
can move a single end of points, once, for the running of trains. I've argued with control over this fact on several occasions.
"You can have them normal or reverse, but once they are in position, they wont be moved again, so go away and think about what is best for you to move trains".
I've had control try to get me to move three ends, their argument being that it was a "single set" (switch diamond) and there was "no MOM available". I stood my ground, and they ran the train wrong line instead.
In answer to the original question, from an S&T perspective (its my job to rectify the fault, not run trains), I would first set out to determine whether the fault was indication only or not (Check the state of the TR. Did the Remote Condition Monitoring equipment observe it? If the TR is up (track clear), I will then chase a TPR fault down the cables. If the TR is down (track occupied), I would observe the physical track, make sure there is nothing shorting it, then check the feed voltage. If the feed voltage is high, I likely have an open circuit (most likely a failed track tail cable or bond), if it is low and (not taught but good knowledge) there is a hefty spark when the fuse is removed, I have a short circuit, and its probably something bridging an insulation (stretcher bar, tie bar, tin can, failed IBJ, swarf from a failing wheel or in some point machines - an incorrect setup). An open circuit voltage will often vanish almost completely past the point of occurrence, so you can just go along with the meter, checking as you go. A short circuit is a little harder to find with just a meter as voltage will often continue past a short, but we have a nifty piece of kit that can find shorts.
I then tell control and the signaller what my plan of action is, and they decide how to recover the service. That sometimes involves giving a firm timescale for repair, always a risky gamble.