Skip to content
BOL Conferences Top Gun 23
Thread Options
#2232478 - 03/05/20 08:46 PM Missing Middle Initial on Disclosure
Comp2525 Offline
Junior Member
Joined: Mar 2008
Posts: 46
We are currently getting reviewed on the SAFE ACT requirements and the policies/procedures we have in place. One item that they are trying to write us up for is that our Closing Disclosure may or may not include a middle initial on the disclosure vs what's showing on the NMLS Consumer access site. Must of all of our loan originators has other names listed, but the two in question don't have there middle initial included on the disclosure. Is this a violation? You can clearly still look up the individual ion the NMLS consumer site and find them just fine. Thanks for your time.
Last edited by Comp2525; 03/05/20 08:50 PM.
Return to Top
S.A.F.E. Act Forum
#2232480 - 03/05/20 08:50 PM Re: NMLS # on Closing Disclosure Comp2525
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,359
Galveston, TX
NMLS requires that they list all names which they are going to use. It's a registration problem or their names are not programmed into your LOS correctly..
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2232613 - 03/07/20 04:41 PM Re: NMLS # on Closing Disclosure rlcarey
TomS Offline
Gold Star
Joined: Jan 2004
Posts: 315
USA
I don't see where the SAFE Act requires the LO name and NMLS number to be diclosed on a Closing Disclosure. Is there another reg that requires that? TRID rules perhaps?
_________________________
CRCM, CAFP, DAD

Return to Top
#2232618 - 03/08/20 01:58 PM Re: NMLS # on Closing Disclosure Comp2525
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,359
Galveston, TX
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z, John Burnett