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In a Wisconsin loan-originator transfer, a compliance manager sees a compliance issue involving sponsorship and employment status. What should the file reflect?

Correct Answer

C) Wisconsin DFI mortgage banking resources include remote-work guidance for licensed MLOs and other employees of Wisconsin licensed mortgage bankers and brokers.

Wisconsin DFI mortgage banking resources include remote-work guidance for licensed MLOs and other employees of Wisconsin licensed mortgage bankers and brokers.

Answer Options
A
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.
B
Let production staff decide whether sponsorship and employment status matters for the file.
C
Wisconsin DFI mortgage banking resources include remote-work guidance for licensed MLOs and other employees of Wisconsin licensed mortgage bankers and brokers.
D
Skip documentation because the branch onboarding review appears routine.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking resources include remote-work guidance for licensed MLOs and other employees of Wisconsin licensed mortgage bankers and brokers.

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