Posted By: CMSIngenue
Exempt from State Licensing - 09/22/22 02:24 PM
We have a correspondent division that purchases closed loans. We have a bank that was recently approved and they are exempt from state licensing laws. Registered in NMLS with the FDIC as their primary regulator. The banks headquarters are in California. Would the bank be allowed to originate and close loans all over the country since they are exempt from state licensing laws?