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.
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..
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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?