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In a Wisconsin renewal checklist, a branch supervisor sees a compliance issue involving continuing education and renewal. What should the file reflect?

Correct Answer

B) 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
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.
C
Continue the activity and document the issue only if a complaint is later filed.
D
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.

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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