Any updates anyone's seen in this realm? I just noticed that we did a new loan for a sketchy MLO of ours, and the credit report indicates he filed bankruptcy in November of last year, shortly after we hired him on. Definitely a "lives beyond his means" case.
Since two VPs were involved in approving the loan, two VPs saw the credit report, and thus should have seen the recent bankruptcy. Did anyone consider this for NMLS purposes? Definitely not, until today