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An internal reviewer flags a Wisconsin question about SAFE testing. Which compliance answer is reliable?

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
Proceed before the required Wisconsin license, sponsorship, disclosure, record, or approval is in place.
B
Wisconsin DFI says Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers, and mortgage brokers.
C
Use an informal manager exception without updating the license, file, or required record.
D
Use a verbal explanation instead of the required license status, disclosure, record, or filing.

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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