A friend contacts a mortgage loan originator (MLO) and asks her to obtain a credit...

NMLS MLO Question Answer

A friend contacts a mortgage loan originator (MLO) and asks her to obtain a credit report for him to review before he tries to rent a house. The MLO has access to obtaining credit reports but does not handle any rental applications. Which of the following actions should the MLO take?

Offer to obtain the credit report but only if the friend will pay for the cost of the report

Ask the friend to provide the MLO with a written authorization to obtain his credit report

Explain that the MLO cannot obtain the friend's credit report since he is not looking for a home loan

Start a loan application so that the MLO can obtain the credit report and then show the application as "withdrawn"

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NMLS MLO Summary

Vendor: NMLS
Product: MLO
Update on: Jul 22, 2025
Questions: 230

Price: $52.5 ~~$149.99~~

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A friend contacts a mortgage loan originator (MLO) and asks her to obtain a credit...

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