Business, 05.01.2022 07:30 036501

Allison is a licensed mortgage loan originator working full-time for Clear Cut Mortgage Company, a licensed lender. She has been offered the opportunity to work part-time as a mortgage loan originator for the Jones Mortgage Company, another licensed lender, evenings and weekends. Can Allison lawfully accept the second job? A. Yes, her individual MLO license would be transferable between the two licensed lenders.
B. No, a mortgage loan originator is prohibited from working for two companies as a MLO at the same time.
C. No, working for two lending companies at the same time may cause a conflict of interests.
D. Yes, however, she must apply for a dual license which allows her to work for both companies

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Allison is a licensed mortgage loan originator working full-time for Clear Cut Mortgage Company, a l...

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