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A branch supervisor is updating Kentucky procedures for mortgage operations checklist and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

B) Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

Answer Options
A
Let the MLO originate while waiting for the Kentucky status, sponsorship, or renewal issue to be corrected.
B
Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.
C
Let production staff decide whether licensing and NMLS authority matters for the file.
D
Skip documentation because the renewal checklist appears routine.

Why This Is the Correct Answer

Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

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