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#2120305 - 03/02/17 08:04 PM Please help me understand something
Ski Offline
Platinum Poster
Joined: May 2003
Posts: 639
South Louisiana
We have an employee who performed Mortgage Loan originator functions at another FI (where she was originally registered) and currently works for us in a position having NO Mortgage Loan originator functions since Feb. 2012. Her NMLS shows her Status is Active and she is Authorized to Conduct Business and is Currently Authorized to Represent our Bank.

She wants to keep her Active Status.

But can the bank remove her Authorization to Conduct Business on the Bank's behalf?

I know this is probably out of left field, but the Bank pays her annual renewal fee, but since she will never "Act as an MLO" under the stated definition of MLO, can we "de-authorize" her to represent our bank, while she maintains an Active status?

Thanks in advance.

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#2120310 - 03/02/17 08:30 PM Re: Please help me understand something Ski
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 77,591
Galveston, TX
No - Just don't renew her registration next year.
The opinions expressed here should not be construed to be those of my employer:

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