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Updated about 1 year ago on . Most recent reply

Christian Meng's profile image
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Christian Meng
  • from Fresno, CA
  • Member since Dec 13, 2019
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Christian Meng's profile image
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Christian Meng
  • from Fresno, CA
  • Member since Dec 13, 2019
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Christian Meng
  • Fresno, CA
0
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6
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Private Lending & Conventional Mortgage Advice

Is it legal to be a Loan Officer (NMLS) and have another job?

Christian Meng
  • Fresno, CA
Posted

The market is pretty tough right now and business is slow, so is it legal to go out and get another job while being a mortgage lender at the same time? Is it a conflict of interest? Thanks 

Fresno, California
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Jon Puente's profile image
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Jon Puente
  • Lender
  • from Charlotte, NC
  • Member since May 7, 2020
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Jon Puente's profile image
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Jon Puente
  • Lender
  • from Charlotte, NC
  • Member since May 7, 2020
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Jon Puente
  • Lender
  • Charlotte, NC
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Jon Puente
  • Lender
  • Charlotte, NC
Replied

Yes, you can work another job and be an MLO on the side.  Tons of people do this.

No, you cannot work at 2 mortgage companies with both sponsoring you (has to be one or the other). 

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