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Before approving the company policy update, a Pennsylvania sponsorship reviewer checks licensing and NMLS authority. Which conclusion is best supported?

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 the MLO originate while waiting for the Pennsylvania status, sponsorship, or renewal issue to be corrected.
B
Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.
C
Let production staff decide whether sponsorship and employment status matters for the file.
D
Skip documentation because the NMLS filing review appears routine.

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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