A licensed originator wants to meet borrowers at a co-working desk 40 miles from the branch on her license, twice a week. What should she check before using the co-working desk as a regular origination location?
Correct Answer
C) Check the applicable state's branch and remote-work requirements and the employer's authorization before using the location
C. Check the state requirements and employer authorization before using the location. An individual license does not settle whether this location needs branch licensing or satisfies remote-work rules. NMLS directs companies to state checklists and regulators for location-specific requirements. Scope and exceptions: Forty miles and two weekly visits are facts, not universal thresholds. Classify the actual activities, supervision and location under the applicable state rules. Source: Work Remote FAQs 1, 3–5, 8 and 21 — https://mortgage.nationwidelicensingsystem.org/knowledge/products/nmls/pubs/policyGuide/reference/policyGuide/maps/topics/nmlsPG_FAQ_workRemote.html
Why This Is the Correct Answer
C. Check the state requirements and employer authorization before using the location. An individual license does not settle whether this location needs branch licensing or satisfies remote-work rules. NMLS directs companies to state checklists and regulators for location-specific requirements. Scope and exceptions: Forty miles and two weekly visits are facts, not universal thresholds. Classify the actual activities, supervision and location under the applicable state rules.
Why the Other Options Are Wrong
Option A: Assume the existing individual license permits business at any location
Individual licensure alone does not establish location permission.
Option B: Assume every off-site borrower meeting is prohibited nationwide
The facts do not support a nationwide prohibition.
Option D: Assume renting a desk for fewer than 20 hours creates a nationwide exemption
No nationwide twenty-hour exemption is supplied.
Exam Tip
Check location authority separately from individual licensure.
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