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#1575314 - 07/07/11 09:49 PM NMLS # and Signers
Lilly1234 Offline
Member
Joined: Dec 2010
Posts: 50
When we take an app over the phone, the Rep discusses the loan then forwards the app it to the Processors (whom make the decision) and then off to a branch for signing and explanation of all docs. Would the Signing Rep need to provide their NMLS #? Or no, because they don't meet the 2-prong definition?

Thanks!

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#1575589 - 07/08/11 04:17 PM Re: NMLS # and Signers Lilly1234
TMatt87 Offline
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TMatt87
Joined: May 2011
Posts: 1,987
Idaho
It doesn't sound like they would meet the 2-prong test because they didn't take the application. I would also argue that the processor wouldn't have to provide their NMLS # if they only make the underwriting decision, as they wouldn't be offering or negotiating terms.
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#1575952 - 07/09/11 04:23 PM Re: NMLS # and Signers TMatt87
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
"the Rep discusses the loan" what does that mean?
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