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A staff member asks whether a Wisconsin procedure for SAFE testing is compliant. Which answer is correct?

Correct Answer

D) Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.

Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.

Answer Options
A
Continue the activity and document the issue only if a complaint is later filed.
B
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.
C
Let production staff decide whether continuing education and renewal matters for the file.
D
Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.

Why This Is the Correct Answer

Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.

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