All of the following documents would show the Company name, MLO name and NMLS ID #, except?

All of the following documents would show the Company name, MLO name and NMLS ID #, except?

• A. Credit report
• B. Loan Estimate
• C. 1003
• D. Closing Disclosure

Answer: (A)

The main idea is that certain mortgage disclosures must identify who is originating the loan, including the company, the loan originator’s name, and the MLO’s NMLS ID. The Loan Estimate and the Closing Disclosure are designed to provide this accountability to the borrower, so they include the company name, the MLO’s name, and the MLO’s NMLS ID. The Uniform Residential Loan Application (the 1003) also carries the MLO’s information so the borrower knows who is handling the application. The credit report, however, is a third-party document that summarizes the borrower’s credit history and does not include the loan originator’s or company’s identifiers. Therefore, the credit report would not show the Company name, MLO name, and NMLS ID.

The main idea is that certain mortgage disclosures must identify who is originating the loan, including the company, the loan originator’s name, and the MLO’s NMLS ID. The Loan Estimate and the Closing Disclosure are designed to provide this accountability to the borrower, so they include the company name, the MLO’s name, and the MLO’s NMLS ID. The Uniform Residential Loan Application (the 1003) also carries the MLO’s information so the borrower knows who is handling the application. The credit report, however, is a third-party document that summarizes the borrower’s credit history and does not include the loan originator’s or company’s identifiers. Therefore, the credit report would not show the Company name, MLO name, and NMLS ID.