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A Wisconsin state compliance officer is reviewing a company policy update tied to advertising and consumer-protection controls. Which rule should be applied?

Correct Answer

B) Wisconsin DFI mortgage banker authority includes servicing residential mortgage loans and providing escrow services, so conduct questions can involve servicing and escrow activity as well as origination.

Wisconsin DFI mortgage banker authority includes servicing residential mortgage loans and providing escrow services, so conduct questions can involve servicing and escrow activity as well as origination.

Answer Options
A
Treat the requirement as waived because the borrower or employer agrees.
B
Wisconsin DFI mortgage banker authority includes servicing residential mortgage loans and providing escrow services, so conduct questions can involve servicing and escrow activity as well as origination.
C
Assume another state's approval automatically satisfies the Wisconsin requirement.
D
Apply the Wisconsin rule only to company licenses and never to individual MLO activity.

Why This Is the Correct Answer

Wisconsin DFI mortgage banker authority includes servicing residential mortgage loans and providing escrow services, so conduct questions can involve servicing and escrow activity as well as origination.

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