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A lender preparing a New Mexico MLO sponsorship update asks a loan file reviewer about licensing and NMLS authority. Which response should be followed?

Correct Answer

D) New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

Answer Options
A
Skip documentation because the record-retention audit appears routine.
B
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
C
Continue the activity and document the issue only if a complaint is later filed.
D
New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

Why This Is the Correct Answer

New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

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