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Can a loan officer registrant originate mortgage loans for more than one licensee or registrant?

April 26, 2017Licensee loan mortgage loans officer originate registrant

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Can a loan officer registrant originate mortgage loans for more than one licensee or registrant?

2 Answers

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A loan officer registrant is required to originate exclusively for only one licensee or registrant; however, if a loan officer registrant is also licensed or registered as a mortgage broker, mortgage loans originated by the loan officer registrant may be brokered to more than one mortgage broker, lender or servicer.

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No. A loan officer registrant is required to originate exclusively for only one licensee or registrant; however, if a loan officer registrant is also licensed or registered as a mortgage broker, mortgage loans originated by the loan officer registrant may be brokered to more than one mortgage broker, lender or servicer.