Does the Department of Financial Institutions keep track of which mortgage banker or mortgage broker a loan originator works for?
Yes. If a loan originator changes employers, they must notify the division. A loan originator may transfer his or her employment to another registered mortgage banker or mortgage broker by application to the division for transfer. The transfer fee is $40. Either you or your new employer can submit the transfer application online at www.pulseportal.com. For those who cannot file a transfer application online, paper applications are available at the WDFI website (www.wdfi.org/fi/mortbank/mbapp.
Related Questions
- What obligations does a mortgage banker or mortgage broker have to notify the Department of Financial Institutions about a trade name to be used?
- Does the Department of Financial Institutions keep track of which mortgage banker or mortgage broker a loan originator works for?
- My Wisconsin license as a loan originator, mortgage broker, or mortgage banker expires on or after January 1, 2009, what do I do?
