Federal Licensing For Mortgage Expert Witnesses?
As of last year, loan originators, processors and underwriters must qualify for the federal NMLS license. In addition to passing state and federal exams, licensees must pass FBI background checks designed to weed out many of those who took active part in the mortgage industry meltdown of the past few years.
Should mortgage experts be NMLS licensees (or more to the point, can a non-licensee be considered to be an expert)? In future posts we’ll elicit some pro and con opinions.
Eric Forster
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