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A new hire will work on New Mexico mortgage files involving SAFE testing. Which rule should the supervisor emphasize?

Correct Answer

B) New Mexico mortgage licensing workflows use NMLS for license maintenance and state regulator review.

New Mexico mortgage licensing workflows use NMLS for license maintenance and state regulator review.

Answer Options
A
Apply the rule only after the New Mexico regulator has already opened an examination.
B
New Mexico mortgage licensing workflows use NMLS for license maintenance and state regulator review.
C
Skip the New Mexico requirement because the company already follows general SAFE Act procedures.
D
Treat continuing education and renewal as optional because the company has a general New Mexico compliance policy.

Why This Is the Correct Answer

New Mexico mortgage licensing workflows use NMLS for license maintenance and state regulator review.

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