|Mortgage Loan Originator License Endorsement|
A Mortgage Loan Originator (MLO)
License Endorsement has been issued for this license, based on the stated
license type as defined below. The record includes a National Mortgage License
System and Registry (NMLS) identification number (unique identifier) and a link
to the NMLS Consumer Access web site, which is an on-line national registration
and licensing database for individuals and companies who have been issued
either a MLO License Endorsement or MLO license, depending on the issuing
state. A MLO License Endorsement can only be issued for a valid California real
Broker MLO License Endorsement-
Company MLO License Endorsement
Brokers working as sole proprietors
must have an approved MLO License Endorsement both as an individual and as a
company in order to perform residential mortgage loan origination activities.
Separate NMLS identification numbers will be assigned for the individual broker
and for the company.
Brokers performing MLO activities as a broker-associate must have an approved MLO License Endorsement as an individual and be sponsored by, and authorized to represent, an approved MLO broker or corporation as reflected on NMLS Consumer Access.
|Corporation MLO License Endorsement||
A licensed corporation which performs
MLO activities must have an approved MLO License Endorsement. Corporations must
be licensed through a designated broker/officer who has also been issued an
approved MLO License Endorsement for his or her real estate corporation
broker/officer license. The designated broker-officer must be sponsored by, and
authorized to represent, the corporation as reflected in NMLS Consumer Access.
Additional licensed real estate corporation officers who perform MLO activities on behalf of the corporation must also be issued an approved MLO License Endorsement for their real estate corporation broker/officer license, and must be sponsored by and authorized to represent the corporation as reflected in NMLS Consumer Access.
Salesperson Mortgage Loan
Originator License Endorsement
Salespersons who perform MLO
activities must have an approved MLO License Endorsement and be sponsored by,
and authorized to represent, an approved MLO broker or corporation as indicated
on both DRE and NMLS Consumer Access.