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#2237747 - 06/09/20 02:13 PM NMLS Info on Applications
NoJustNo Offline
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Joined: Oct 2013
Posts: 221
Midwest
Any thoughts on if the NMLS #/info must be on each loan application? Let's say we use an initial application to take the phone application then have the customer sign the printed ("final") application at a later date. Do we need the NMLS info on the initial app?

I find this a little ridiculous considering the customer will never see the phone application but question the wording of the commentary to .36(g)(1):
Quote
Inclusion of name and NMLSR ID. Section 1026.36(g)(1) requires the inclusion of loan originator names and NMLSR IDs on each loan document.

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Lending Compliance
#2237750 - 06/09/20 02:23 PM Re: NMLS Info on Applications NoJustNo
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,392
Galveston, TX
Yes - It would include a record of the NMLS for the person that took the application over the phone. That may or may not be the same NMLS of the person in charge of the loan when a final app is signed.
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