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A mortgage company asks a branch supervisor to validate a Wisconsin NMLS filing review involving continuing education and renewal. Which statement is reliable?

Correct Answer

A) Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

Answer Options
A
Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use an MLO sponsorship update exception instead of satisfying the rule before activity continues.
D
Close or renew first, then decide whether the MLO sponsorship update needs a compliance correction.

Why This Is the Correct Answer

Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

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