DORATHY RAYMOND ISAFE MLO Test-National Component with Unform State Content) Session 1- Question 7 of 120 (r answered Under SAFE Act regulations, which of the following statements is true? D Loan processors and originators have to be licensed as mortgage loan originators (MLOS). Loan processors and underwriters have to be licensed as MLOS. Loan processors and underwriters who are not employed by a bank (depository institution) have to be licensed as MLOS. A loan processor or underwriter who is an employee of a licensed mortgage lender and who operates under the supervision of a licensed MLO is not requires be licensed as an MLO.
DORATHY RAYMOND ISAFE MLO Test-National Component with Unform State Content) Session 1- Question 7 of 120 (r answered Under SAFE Act regulations, which of the following statements is true? D Loan processors and originators have to be licensed as mortgage loan originators (MLOS). Loan processors and underwriters have to be licensed as MLOS. Loan processors and underwriters who are not employed by a bank (depository institution) have to be licensed as MLOS. A loan processor or underwriter who is an employee of a licensed mortgage lender and who operates under the supervision of a licensed MLO is not requires be licensed as an MLO.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Problem 1CE
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![DORATHY RAYMOND ISAFE MLO Test-National Component with Unform State Content)
Session 1- Question 7 of 120 (r answered
Under SAFE Act regulations, which of the following statements is true?
D
Loan processors and originators have to be licensed as mortgage loan originators (MLOS).
Loan processors and underwriters have to be licensed as MLOS.
Loan processors and underwriters who are not employed by a bank (depository institution) have to be licensed as MLOS.
A loan processor or underwriter who is an employee of a licensed mortgage lender and who operates under the supervision of a licensed MLO is not requires
be licensed as an MLO.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F057185a7-6fdb-40a1-82cc-dd2f93c72b55%2Fececbde3-0ade-479c-b95b-93c1a8dd59de%2Fxqnlj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:DORATHY RAYMOND ISAFE MLO Test-National Component with Unform State Content)
Session 1- Question 7 of 120 (r answered
Under SAFE Act regulations, which of the following statements is true?
D
Loan processors and originators have to be licensed as mortgage loan originators (MLOS).
Loan processors and underwriters have to be licensed as MLOS.
Loan processors and underwriters who are not employed by a bank (depository institution) have to be licensed as MLOS.
A loan processor or underwriter who is an employee of a licensed mortgage lender and who operates under the supervision of a licensed MLO is not requires
be licensed as an MLO.
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