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A mortgage company asks a licensing coordinator to validate a Georgia mortgage operations checklist involving licensing and NMLS authority. Which statement is reliable?

Correct Answer

D) Georgia DBF describes a mortgage lender as a person or company who directly or indirectly makes, originates, underwrites, holds, or purchases mortgage loans or who services mortgage loans.

Georgia DBF describes a mortgage lender as a person or company who directly or indirectly makes, originates, underwrites, holds, or purchases mortgage loans or who services mortgage loans.

Answer Options
A
Treat the timing or filing requirement as optional if the transaction appears low risk.
B
Assume the Georgia requirement does not apply to this branch onboarding review.
C
Treat licensing and NMLS authority as satisfied by borrower consent alone.
D
Georgia DBF describes a mortgage lender as a person or company who directly or indirectly makes, originates, underwrites, holds, or purchases mortgage loans or who services mortgage loans.

Why This Is the Correct Answer

Georgia DBF describes a mortgage lender as a person or company who directly or indirectly makes, originates, underwrites, holds, or purchases mortgage loans or who services mortgage loans.

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