We just recently purchased a bank in Texas. And they have a loan production office that is not a bank branch in Austin, TX. This is a office has a loan officer and 2 processors. They also have an underwriter in Austin. The compliance department (for the purchased bank) has told them that an underwriter cannot work in this office with the lender and processors. These are MLO's that are making secondary market mortgage loans.

Are there any Texas State laws that may be driving this decision?

Thanks!