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A licensing coordinator is updating Wisconsin procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

D) Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Answer Options
A
Treat the requirement as waived because the borrower or employer agrees.
B
Assume another state's approval automatically satisfies the Wisconsin requirement.
C
Apply the Wisconsin rule only to company licenses and never to individual MLO activity.
D
Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Why This Is the Correct Answer

Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

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