Loan officers need to really pay attention to the guidance they receive and authority they give over to others in the use of their NMLS number. Loan applications you are taking today can have much farther reaching affect on your career than you can imagine.
For example: if you are given wrong advice about how to structure that loan and years from now it is determined there were inappropriate actions involved in that file, it is your number associated with that file. One file might not be that big of a problem, but what if it happens on 5, or 10?
I'm just saying that loan officers can't just sloth accountability off to the processor or underwriter any longer. You shouldn't have anyway, but that's what has happened too much of the time.
Be aware of who you are giving access to your NMLS number. It can make a difference to your career.
Comments and dialog welcome!! See comment section below or email me at danny@dannylsmith.com.
To that end....
For example: if you are given wrong advice about how to structure that loan and years from now it is determined there were inappropriate actions involved in that file, it is your number associated with that file. One file might not be that big of a problem, but what if it happens on 5, or 10?
I'm just saying that loan officers can't just sloth accountability off to the processor or underwriter any longer. You shouldn't have anyway, but that's what has happened too much of the time.
Be aware of who you are giving access to your NMLS number. It can make a difference to your career.
Comments and dialog welcome!! See comment section below or email me at danny@dannylsmith.com.
To that end....
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