Sue D.
So… passed on the first try today !!
Was kind of nervous as there were 3 guys that came out while I was sitting there that had failed once already and one of them failed again today…. But not me! Thank god. Glad I took your course.
Was kind of nervous as there were 3 guys that came out while I was sitting there that had failed once already and one of them failed again today…. But not me! Thank god. Glad I took your course.
Are Your MLOs Truly Independent Contractors?
Many mortgage companies classify Mortgage Loan Originators (MLOs) as independent contractors. However, federal laws—including the Department of Labor’s guidelines, IRS rulings, and the SAFE Act—suggest otherwise. These regulations emphasize that MLOs often function as employees due to factors like company control, lack of independent business operations, and mandatory sponsorship requirements. Misclassification can lead to significant legal and financial repercussions.
Read our latest blog post to understand the implications and ensure your compliance.
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