Mortgage Loan Originator Verifications
With Kroll Factual Data’s MLO Verification, you can quickly and easily verify the licensing status and background of brokers you are working with.
Risks are increasing for lenders – being able to reduce these risks and protect your business are a top priority. Finding ways to accomplish this in a reliable, efficient manner without using too much of your precious time and human resources is the challenge.
The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) requires that individual mortgage loan originators (MLOs) who are employed by agency-regulated institutions be registered with the Nationwide Mortgage Licensing System and Registry (Federal Registry - NMLS). MLO Verification from Kroll Factual Data automates the process of license verification so lenders and servicers are not at risk of loan re-purchase due to non-compliance.
Receive an easy to read standalone report containing:
- Risk score and risk summary stating an alert summary with alert numbers
- Risk categories section with information from OFAC (Office of Foreign Assets Control) and excluded parties lists
- Social security number search results
- NMLS B2B AccessSM database results covering more than 35 parameters
Why MLO Verification from Kroll Factual Data?
- Reduce your loan repurchase risk
- Close more loans confidently
- Peace of mind knowing the information from Kroll Factual Data is trustworthy