Which of the following individuals requires a mortgage originator license?
A. A clerk who secures callers' names and the locations of the properties for which they desire financing and refers them to licensed loan originators
B. A clerk who completes a 1003 before referring a caller to the appropriate loan originator
C. A processor who simply processes files and does not discuss loan parameters with applicants
D. An underwriter who reviews files and renders lending decisions
Answer:B
Which of the following individuals requires a mortgage originator license?
A. A clerk who secures callers' names and the locations of the properties for which they desire financing and refers them to licensed loan originators B. A clerk who completes a 1003 before referring a caller to the appropriate loan originator C. A processor who simply processes files and does not discuss loan parameters with applicants D. An underwriter who reviews files and renders lending decisions