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#1873349 - 11/21/13 09:01 PM MLO Not Registered
J2C Offline
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Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
Doing an audit of SAFE and found an MLO that has an expired registration. Now we are verifying to see if she originated any loans since it expired.

Aside from the obvious (updating the registration), is there anything else we need to be concerned with, now?
My opinion is mine only- not my employer's!

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#1874356 - 11/26/13 04:17 PM Re: MLO Not Registered J2C
A_G Online
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Joined: Jul 2004
Posts: 18,958
I would say I'd be concerned with how the lapse happened (isn't someone outside of audit monitoring?) and recommending mangement putting controls in place to prevent it from happening again.
With the lights out, it's less dangerous.

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