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

Correct Answer

B) 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 requirement as waived because the borrower or employer agrees.
B
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.
C
Assume another state's approval automatically satisfies the Georgia requirement.
D
Apply the Georgia rule only to company licenses and never to individual MLO activity.

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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