Loan Officers Required to Authorize Credit Checks
Monday, November 1, 2010, the NMLS began requiring all licensed mortgage loan officers to authorize NMLS to pull credit reports on officers. You say you’re state doesn’t require it? Too bad. You just had your credit report reviewed a month ago? Again, too bad. “Financial Responsibility” is a well-known qualification that loan officer’s must meet but, up …
Categories: California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
Tags: credit check, financial crisis, mlo, mortgage, mortgage license, OnlineEd