NMLS confusion? Let’s clear it up. Here’s how NMLS licensing affects: 🏛 FDIC Banks 🏦 Retail Lenders 📉 Mortgage Brokers 👉 At big banks: Yes, loan officers get an NMLS number—but no license exam or 20-hour class required! 😲 👉 At retail lenders: ✅ NMLS license is required (unless banking-related) 👉 At mortgage brokerages: 🔐 The most regulated — both company and each LO need a license, plus each location must be licensed too. No shortcuts! Want to know who really needs a license and who does
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NMLS confusion? Let’s clear it up. Here’s how NMLS licensing affects: 🏛 FDIC Banks 🏦 Retail Lenders 📉 Mortgage Brokers 👉 At big banks: Yes, loan officers get an NMLS
The Co/LAB. The Co/LAB · Original audio. NMLS confusion? Let’s clear it up. Here’s how NMLS licensing affects: 🏛 FDIC Banks 🏦 Retail Lenders 📉 Mortgage Brokers 👉 At big banks: Yes, loan officers get an NMLS number—but no license exam or 20-hour class required! 😲 👉 At retail lenders: NMLS license is required (unless ...
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