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Loan docs that require the NMLS #

Home Forums Secure and Fair Enforcement for Mortgage Licensing Act Loan docs that require the NMLS #

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  • #4530
    compdud
    Participant

    What loans documents ae required to have the NMLS # on them?

    #4574
    rcooper
    Keymaster

    Effective 1-10-14 you need to include the NMLS # on the credit application, the note/loan contract and the security instrument.

    The SAFE Act requires that a registered MLO must provide the NMLS# upon request, before acting as a mortgage loan originator, and through the originator’s initial written communication with a consumer, if any, whether on paper or electronically (that could mean a business card, letter, email, etc.). And Fannie Mae and Freddie Mac have their own requirements for inclusion of the NMLS#.

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