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An operations lead compares company policy with Wisconsin requirements during a loan-originator transfer. Which statement fits licensing and NMLS authority?

Correct Answer

D) Wisconsin DFI identifies NMLS Consumer Access as the official way to look up Wisconsin licensed mortgage bankers, brokers, and MLOs.

Wisconsin DFI identifies NMLS Consumer Access as the official way to look up Wisconsin licensed mortgage bankers, brokers, and MLOs.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.
D
Wisconsin DFI identifies NMLS Consumer Access as the official way to look up Wisconsin licensed mortgage bankers, brokers, and MLOs.

Why This Is the Correct Answer

Wisconsin DFI identifies NMLS Consumer Access as the official way to look up Wisconsin licensed mortgage bankers, brokers, and MLOs.

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