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For a Pennsylvania supervisory file review, a training manager is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

B) Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

Answer Options
A
Let production staff decide whether licensing and NMLS authority matters for the file.
B
Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.
C
Skip documentation because the regulator exam preparation appears routine.
D
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.

Why This Is the Correct Answer

Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

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