PERSON OF THE WEEK: Licensing is an extremely important aspect of mortgage compliance, yet it is often taken for granted. Most of the entities involved in the mortgage process – from the origination side including brokers, LOs, correspondents, loan processors, retail lenders, wholesale lenders, warehouse lenders, underwriters and loan fulfillment, to the servicing side of the business, master servicers, primary servicers, sub-servicers, special servicers and debt collectors, etc. – require licensing services.
What’s more,