A borrower wants to check that the person arranging her loan is who he says he is, before she sends 3 years of tax returns. What public resource can she use to verify the originator's identity and licensing or registration information?
Correct Answer
A) Look him up by his NMLSR identifier, which is public information
A. Use the originator’s identifier to search NMLS Consumer Access. Consumer Access provides public licensing and registration information for checking an originator’s record. Public lookup is distinct from disclosure of the entire licensing application or confidential personal information. Scope and exceptions: A matching identifier alone does not prove that a caller is the person listed. Independently verify the person and firm before transmitting sensitive documents. Source: NMLS Consumer Access overview — https://mortgage.nationwidelicensingsystem.org/knowledge/Products/consumeraccess/SitePages/Home.aspx
Why This Is the Correct Answer
A. Use the originator’s identifier to search NMLS Consumer Access. Consumer Access provides public licensing and registration information for checking an originator’s record. Public lookup is distinct from disclosure of the entire licensing application or confidential personal information. Scope and exceptions: A matching identifier alone does not prove that a caller is the person listed. Independently verify the person and firm before transmitting sensitive documents.
Why the Other Options Are Wrong
Option B: Nothing is available: originator records are confidential by statute
Confidential records do not make all licensing information private.
Option C: Request a copy of his license, since the registry is not open to the public
A copy of a license is not a substitute for checking the public record; the registry has public access.
Option D: Ask the brokerage to confirm his job, which is the only route
Employer confirmation is not the only available verification route.
Exam Tip
Check the public record, then independently verify who is requesting your documents.
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