Uniform State Content (SAFE Act)Question 375 of 400
A state-licensed MLO changes employers, moving from one mortgage company to another. Regarding the NMLS unique identifier, the MLO:
a.Is assigned a brand-new identifier by the new employer
b.Loses the identifier permanently and must retest
c.Keeps the same unique identifier, but the license sponsorship must be updated in NMLS to reflect the new employer
d.May share the new employer's company identifier as their own
Explanation
The unique identifier belongs to the individual and does not change when they switch employers. However, the record in NMLS must be updated so the MLO's license is sponsored by the new employer before originating loans there. Company identifiers are separate from individual identifiers.
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