Skittles, it's been a bit since i reviewed the LO Compensation rule, but glancing back at my summary, i don't think it matters--their NMLS #'s will need to be on the app (and other documents such as the note and security agreement). Your bank sounds like ours as far as compensation and i'm proceeding with the idea we'll need the MLO's NMLS # on the app (we already do it as a matter of practice), the note and security agreement come next January.
Last edited by raitchjay; 07/24/13 09:15 PM.
_________________________
I'm fixin' to fix that.