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A policy analyst handling a New Mexico company policy update needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

A) New Mexico state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

New Mexico state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Answer Options
A
New Mexico state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.
B
Let the MLO originate while waiting for the New Mexico status, sponsorship, or renewal issue to be corrected.
C
Let production staff decide whether licensing and NMLS authority matters for the file.
D
Skip documentation because the loan-originator transfer appears routine.

Why This Is the Correct Answer

New Mexico state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

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