The full explanation
The loan originator must put its name and NMLS ID on the application, the Loan Estimate, the Closing Disclosure, the promissory note and the security instrument. With NMLS Consumer Access you can check for free whether they are authorized in your state.
An example
Luisa gets an offer by phone. She asks for the person's and the company's names and NMLS numbers, and looks them up on NMLS Consumer Access before sharing any information.
You will see it in…
- The Loan Estimate, page 3 (“NMLS ID/License ID”)
- The application, the promissory note and the security instrument
- Lender and loan officer ads, cards and emails
