Your sponsoring entity is not allowed to change your information unless you provide consent. After all, you need to find the people who want a mortgage and help them choose you as their LO. We are working diligently to complete all applications as quickly as possible. The charge was Fraud by check. (i) The department will investigate your financial background including a review of your credit report to determine if you have demonstrated financial responsibility including, but not limited to, an assessment of your current outstanding judgments (except judgments solely as a result of medical expenses); current outstanding tax liens or judgments or other government liens or filings; foreclosure within the last three years; or a pattern of seriously delinquent accounts within the past three years. Id. If you are an instructor of an NMLS-approved course, you can earn credit toward the continuing education requirement. According to the U.S. Bureau of Labor Statistics, there are approximately 354,600 working mortgage brokers and loan officers. Being a loan officer revolves heavily around one thing: sales. In some states, additional training of one to five hours for state-specific regulations must also be completed. Referral partners are industry professionals, often real estate agents, who send mortgage leads your way. For any further questions, please contact a lawyer directly. Depending on the companys salary structure, a loan officer may receive a commission or bonus on the loans they originate. May I transfer, sell, trade, assign, loan, share, or give my loan originator license to someone else? MLOs are required to do the following before obtaining a license: To be eligible for a loan originator license, there are a number of requirements you must meet. 748, sec. How long this process will take will depend on how much time you can commit to pursuing your degree. This character determination (described in detail here at Section 3.6) is similar to, but apparently less onerous than, the 7(a) character evaluation process described above. The military needs its team to be loyal, trustworthy and of good moral character. Becoming a loan officer can be a great career path if you are interested in finance and have excellent people skills. 8f1a xAq IY In general, misdemeanors are less severe than felonies, but there are a few misdemeanors that will stop a candidate from being accepted to the police force. In addition to the programs discussed in this post, this website provides more information on SBAs various benefit programs. Generally, you will need to complete 20 hours of education, and then pass the NMLS National Test. An expunged misdemeanor will not show up on a background check, and you'll be able to legally mark "never arrested or convicted" on any application once your expungement is complete. Choosing to become a mortgage loan officer is like other jobs and includes a level of risk and stress. Yes. (BB) paid independent contractors, as reported on a Form 1099MISC. First, an applicant and its Associates must submit to the lender SBA Form 1919, which includes three questions on criminal history. A deficiency is placed on your NMLS record to notify you of any missing information that is still required to complete the review of your application. How do I activate my loan originator license? Other liens, judgments, or financial or professional conditions that indicate a pattern of dishonesty on the part of the applicant. Browse our jobs, find one you like, and get back to work today. Many successful loan officers choose to set goals for themselves regarding their referral partners. The NMLS also uses a "successive year rule," which means you can't take the same CE course two years in a row. Is a Master's in Computer Science Worth it. This means that youll have to take and pass all relevant tests again to regain your MLO license. If not, you may be able to gain some experience by passing the NMLS exam and taking a position which accepts that qualification, positioning you to apply for a better-paying opportunity later after you complete your degree. The lender participating in the SBA lending program will likely have its own requirements, which may be that any conviction would disqualify a borrower from receiving an SBA loan. You shouldn't ignore the disclosure questions on MU4 forms. (i) You are not eligible for a loan originator license if you have ever been convicted of a felony involving an act of fraud, dishonesty, breach of trust, or money laundering. 1102. However, you will need to be skilled in sales to earn large commissions. Instead, research certification options and college classes that could prepare you for the industry. %PDF-1.5 % Or, a salary plus a small commission. Each state is required to complete a criminal background check on a mortgage broker applicant. If you are licensed with the Texas Department of Saving & Mortage lending,you may also be able to originate secondary and home-equity loans. You have no legal protections that say a lender has to approve you for a loan. Current SBA regulations and policies with respect to 7(a) loans and criminal history make a small business ineligible if the business has a principal who is incarcerated, under supervision, or facing charges. This process can vary from state to state. Mortgage licensing is overseen by the Nationwide Multistate Licensing System, generally referred to as the NMLS. !zz>}v#)v%(+1tv5q S|kx ?E;Y+G PU\S~kApb1q2@_W#j$EHb,m`7xwpf=~U#(R{Y{+^~~5| f/ m2m3t2@S?+8|.R`^!A=~m1&~/{T#. Be a U.S. citizen. You will not have a continuing education requirement in the year in which you complete the core twenty hours of prelicensing education. 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Experience and skill level could have a significant impact on these earnings. Some states, however, have more stringent guidelines regarding who must be licensed, requiring more job functions to hold a license. Each state and jurisdiction sets its own standards for becoming a police officer. Cultivating referral partner relationships is a process that takes time. The National Mortgage Licensing System handles each states mortgaging license requirements. Every job has its ups and downs, but a job that often relies solely on commission holds its own special challenges. (i) You are not eligible for a loan originator license if you have been found to be in violation of the act or the rules. But what does that mean exactly? The legal help you need to put your past behind you. 2023 Coursera Inc. All rights reserved. Clearly, there are many ways to become a loan officer. Thats why we have aggregated the best jobs for felons in one spot. There are re-entry programs, such as drug treatment, and educational opportunities for felons who need them. Form 912 also states: An arrest or conviction record will not necessarily disqualify you; however, an untruthful answer will cause your application to be denied and subject you to other penalties. 15. Employees of companies that are licensedwith the OCCC andoriginate mortgage loans are alsorequired to obtain a license from the Office of Consumer Credit CommissionerANDregister in the National Mortgage Licensing System-NMLS. All Rights Reserved, Work From Home Jobs For Felons: 7 Best Jobs For 2023. Receive any payment as a result of a borrower entering into residential mortgage loan terms. The only exception to this rule is if the revocation was formally vacated. 515 0 obj <> endobj When my loan originator license is inactive, am I subject to the director's enforcement authority? Your application consists of an online filing through the NMLS and Washington specific requirements provided directly to DFI. Act Starting August 1, 2009, any individual who, for compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan application must be licensed or registered as a Mortgage Loan Originator. The SAFE Act sets a minimum standard for licensing and registering mortgage loan originators. Plus, you should be ready to answer any questions or concerns that the borrower may have. They also ensure that the loan application is in compliance with state and federal requirements. This will require loan officers to get Mortgage Loan Originator (MLO) licenses from their state, and register with the National Mortgage Licensing Service (NMLS). Offer or negotiate terms of a residential mortgage loan for compensation or gain, Hold yourself out to be or advertise that you can or will take a mortgage application or negotiate mortgage terms for compensation, or. But there is also the potential for incredible success and fulfillment. If youre just getting started, finding referral partners can be a daunting task. Additional information about determining status can be found on the NMLS Website or you may call NMLS at (855) 665-7123. An applicant may be precluded from obtaining a mortgage loan originator license where his or her personal history includes: Any liens or judgments for fraud, misrepresentation, dishonest dealing, and/or mishandling of trust funds, or. To obtain an MLO license, you need to have a sponsor thats an NMLS-licensed entity. This will involve federal fingerprinting which is sent to the FBI for review for any criminal convictions. endstream endobj 516 0 obj <>/Metadata 23 0 R/Pages 513 0 R/StructTreeRoot 35 0 R/Type/Catalog/ViewerPreferences 534 0 R>> endobj 517 0 obj <>/MediaBox[0 0 612 792]/Parent 513 0 R/Resources<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 518 0 obj <>stream And who doesnt want to be a part of that? April 1, 2019). This generally includes processors, underwriters, and assistants who are not involved in offering or negotiating loans. If you choose to work for a large corporation like a bank or a mortgage banker, or a smaller shop, your days will be very different. 14 0 obj <> endobj We are printing licenses regularly. Many choose to utilize drip post-close marketing campaigns. (ii) Specifically, you are not eligible to receive a loan originator license if you have one hundred thousand dollars or more of tax liens against you at the time of appointment by a licensed mortgage broker. Please tell us in the comments below. Learn how Jungo apps and implementation services for Salesforce help you increase leads and forge lasting, lucrative relationships with clients. If I let my loan originator license expire and then apply for a new loan originator license, must I comply with the continuing education requirements from the prior license period? Accessed January 18, 2023. When may the department issue interim loan originator licenses? 2601 N. Lamar Blvd January 1 thru February 28 -Reinstatement period, $200 November 1 thruDecember 31 Taking the first steps to become a loan officer can set you up for work in an important and rewarding career. In these cases, and many others, an LO will often work closely with the borrower to come up with a plan to try to get financing. Engaging in the business of loan origination means you: What does it mean to "take a residential mortgage loan application"? You can still arrest for those, even though they're misdemeanors. Any person looking to acquire their mortgage loan originator license (MLO) will need a criminal background check performed through the Nationwide Mortgage Licensing System & Registry (NMLS.) You are only permitted to receive credit for a continuing education course in the year you take the course. No one can obtain a mortgage loan originator license if he or she has had a felony within the past seven years or has ever had a felony related to financial services like: Questions regarding criminal convictions for felony include: Each state will also complete a credit report on applicants. Having support from family, friends, or previous employers can also make a huge difference. Buying a house is one of the biggest decisions that many people will make in their lives. (b) Prove your identity. Not only does this create trust between you and your clients, but it also can lead to opportunities for new business through referrals or refinancing situations. Show residential mortgage loan terms to borrowers or potential borrowers for their consideration. Accessed January 18, 2023. Though most RMLO licenses are issued by the TX-SML,you arerequired to obtain a license from the Office of Consumer Credit Commissioner IF you originate thefollowing types of loans: Unless you are licensed by theTexas Department of Savings & Mortgage Lending, you can apply through the OCCC for secondary loans and home-equity loans. Your sponsor will have access to your profile and bears the responsibility for your actions. Been convicted of, pleaded guilty or nolo contendere to a felony during the seven-year period before the date of application for licensing. The Consumer Access section of the NMLS website provides the current status of all MLO licenses. Though these eligibility criteria and good character requirements certainly apply to 7(a) loans in general, the text of the stimulus bill could be read to say that these requirements do not apply with respect to the Paycheck Protection loans: In evaluating the eligibility of a borrower for a covered loan with the terms described in this paragraph, a lender shall consider whether the borrower, (aa) was in operation on February 15, 2020; and, (bb)(AA) had employees for whom the borrower paid salaries and payroll taxes; or. This is broader if the felony involved fraud, dishonesty, a breach of trust, or money laundering. When will the department consider my loan originator license application to be abandoned? During this two-month period, your license is expired and you must not conduct any business under the act that requires a license. See H.R. This means that a large portion of a loan officers energy goes toward finding and cultivating new leads. What is a deficiency? Many mortgage loan officers are also in charge of their own lead generation or finding new potential borrowers. This will require loan officers to get Mortgage Loan Originator (MLO) licenses from their state, and register with the National Mortgage Licensing Service (NMLS). Applicability of SAFE Act to Manufactured Housing(June 2010). A licensed attorney who negotiates terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of a . You must provide information to prove your identity. See SOP 50 10 5(K)(B)(2)(III)(A)(13) at p. 113. First name. Licensing requirements will be approved or marked deficient on your NMLS record. Home Rights Can a Felon Become a Mortgage Broker? Loans from the U.S. Small Business Administration (SBA) are a key resource for small businesses fighting to survive during this pandemic. If your license status is Approved Deficient, Approved Conditional or Approved Inactive please review the deficiencies set in your NMLS record. We will look for guidance from the SBA as to how it will interpret this language. hb```f``c`b``Wbe@ ^3Y'&00=e` 3010Vfpga`p |FY S college degree in finance, economics, or a field related to banking. "Loan officer education requirements, https://www.zippia.com/loan-officer-jobs/education/." In addition, time blocking either certain times of the day or certain days of the week for partner development is what many mortgage coaching programs recommend as the best protocol for lead generation. If you already have such a degree, youll have a head start in this area. This content has been made available for informational purposes only. (d) Pass a licensing test. If you believe you have completed all requirements and more than a few days has passed, contact the examiner working on your application. Compared to many jobs, the chance for financial success is very possible. Using what he learned in writing that text, Ron developed this website as a free resource and has worked with his team to continue answering questions for those in need. FelonyRecordsHub.com 2023. I am thinking of becoming a loan officer but I had a past but it was about 13 years ago. (c) Complete prelicensing education. Plus, the loan process can be very confusing. 1D/4FY#Z'#?"HKnxy^|-t&|^]/fxu}{S,PBnZ^e{ 552 0 obj <>stream For example, an LO may need to try to find an alternative option for a client. Question 17 asks if the person is presently facing charges, which would make them ineligible. Another popular way to generate leads is through referral partners. What Is Relationship Management? A mortgage broker is required to have a loan originator license. Share your feedback. TheConsumer Accesssection of the NMLS website provides the current status of all MLO licenses. General fitness and prior compliance actions. Its all about closing loans, however you can do that most successfully is the way youll want to plan your day or week. See H.R. Read more: What Is Relationship Management? (a) You must continue to meet the minimum standards for license issuance. For many LOs, referrals and repeat clients are relied on for their business, so staying in close contact is key. Loan applications initiated under the authority of a CFL or CRMLA license are the property of the licensed sponsoring company. A person "takes an application" if you receive a residential mortgage loan application for the purpose of facilitating a decision whether to extend an offer of residential mortgage loan terms to a borrower or prospective borrower. Penalties generally involve fines, jail time or both. Youll learn with time and experience! See also WAC 208-660-350(25). But, its impossible to forget about the task of actually closing loans. This includes insurance or a 401(k) retirement plan. For many felons, having their felony expunged can give them the chance they need to begin with a clean record and succeed in becoming a mortgage broker. Obtaining a license might require coursework, passing an exam, and passing a background and credit check. After reviewing existing SBA loan eligibility rules and vetting policies for 7(a) applicants, we have questions about the extent to which these new loans will be available to people with a criminal record. For 7(a) loans in general, and potentially for Paycheck Protection Loans as well, the SBA conducts a multi-step character evaluation process to determine if an applicants Associates satisfy the good character requirement. Contact information for the person handling your application is included with the deficiency item. 748, sec. endstream endobj 15 0 obj <> endobj 16 0 obj <> endobj 17 0 obj <>stream While a past conviction is not among the grounds for automatic ineligibility for a 7(a) loan, SBA policy also requires every Associate to be of good character. See id. Maybe you decide to meet six different real estate agents for lunch a month, and attend one networking event every two weeks that will gain you contacts in the industry. On the simplest level, here are the steps for how to become a mortgage loan officer followed by many people: According to the U.S. Bureau of Labor Statistics, the median annual wage for LOs in the U.S. was $63,040. Other skills that may help your loan officer career include: Analytical skills: for assessing a potential borrowers financial statements and creditworthiness and understanding how financial markets work, Time management and organizational skills: for handling the detailed paperwork necessary for each loan, Knowledge of specialized banking and financial software applications: to help service a loan, as well as general computer skills to adapt to new digital services and platforms. Finding employment as a felon is tough. Correspondence that is not a solicitation does not have to include your license number. Your salary could be higher or lower depending on several factors, including the company you work for, your experience level and skill set, and your location. What does it mean to "offer or negotiate terms of a residential mortgage loan for compensation or gain"? If the license is not received in 8-10 business days, please emailNMLS_sponsorship@dfpi.ca.gov. If you choose to find and develop leads on your own, you will probably pursue this in multiple ways. The median wage for a mortgage broker was $63,380 in 2021. The applicable SBA policy on disaster loans states that [i]t is not in the public interest for SBA to extend financial assistance to persons who are not of good character, and so it will perform a character determination of anyone disclosing any of the records described above. See WAC. h[io+qh0`[c!8`>Zy Yqx43l'^%v(iYv,n=~2,Sk=aS2HI-'CXc7c=9zrxz Forprimary residential loans, please refer to theTexas Department of Savings & Mortgage Lendingwebsite:www.sml.texas.govor call (877) 276-5550. Our website is supported by our users. The SAFE Act requires mortgage loan originators to pass the test before they can be licensed through NMLS. 3; Other states, like California, allow many misdemeanors to be expunged. Dont forget to focus on face-to-face relationship building also. May I originate loans from a website when my license is inactive? Having his or her record expunged and also documenting any training programs or additional education could make the essential difference in a felon succeeding in becoming a mortgage broker. Receiving and assessing loan applications, Assessing borrowers creditworthiness by analyzing their financial history (a process called underwriting), Consulting and educating borrowers on loan terms, Answering borrowers questions and providing customer service. TheUniform State Testreplaces the previous national and state tests. hbbd``b`* @ H;A 0 a.H.q You must submit your new information via the NMLS. That's rightif one state takes away your license, you can no longer get a license in any other state. So, read on for Jungos step-by-step guide on how to become a mortgage loan officer and join the industry that funds home buyers dreams. For example, as of January 2023, here is the number of loan officer job openings on three popular career sites: Employers in the following industries are currently hiring loan officers: finance, education, construction, government and public administration, healthcare, human resources, information technology, insurance, legal services, media and communications, and management and consulting. (iii) For purposes of (b) and (c) of this subsection, a "similar statute" may include statutes involving other financial services, such as insurance, securities, escrow or banking. This can be a difficult task. However, the lender may not proceed and the SBA must conduct a background investigation including an FBI fingerprint background check, and make a character determination, if any of the reported criminal cases resulted in: (1) a felony conviction; (2) a misdemeanor conviction within 6 months of the loan application or for a crime against a minor; or (3) charges filed with a final disposition entered within 6 months of the loan application. Expunged or pardoned convictions do not necessarily affect your eligibility. Class C misdemeanor charges after a successful deferred adjudication. There are many other ways to generate leads as a loan officerin fact, we wrote a whole post about it here. How do I withdraw my application for a loan originator license? Some LOs choose to come into the office later in the morning and stay past traditional work hours in order to call potential leads when they are home in the evenings. In fact, many people have had licenses revoked because they provided inaccurate responses to these questions. It is important that you have an experienced criminal lawyer representing you if you are charged with a Class A Misdemeanor. A felon doesnt have to be defined by his or her crime. Those with a felony in the last seven years can't apply, and people with a felony related to fraud can never be a loan officer in any state. At some point, felons may want to consider a career in the housing industry. However, not every position in the industry requires a four-year degree, so dont be discouraged if you dont have one. These partnerships are absolutely invaluable for a mortgage loan officer, and as such, careful attention needs to be given to developing these connections. Surrendering your loan originator license does not change your civil or criminal liability, or your liability for any administrative actions arising from acts or omission occurring before the license surrender. Becoming a mortgage loan officer is not the hardest part of being one. Resources to help ex-offenders gain essential life skills for making the right choices in life. Generally, you will need to complete 20 hours of education, and then pass the NMLS National Test. Entities whose originators must obtain a RMLO license are as follows: The Secure and Fair Enforcement for Mortgage Lending Act (SAFE) requires national registration of all Residential Mortgage Loan Originators (RMLOs) in addition to applicable state licenses. Which you complete the core twenty hours of education, and get back to work today own challenges. Not received in 8-10 business days, please contact a lawyer directly needs its team to be expunged goals themselves... Small business Administration ( SBA ) are a key resource for small businesses fighting to survive this! No legal protections that say a lender has to approve you for the requires! 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Excellent people skills that say a lender has to can you be a loan officer with a misdemeanor you for the person is presently charges... Or marked deficient on your own, you need to have a sponsor thats an NMLS-licensed entity of an filing! Right choices in life position in the business of loan origination means you: What does it mean ``. A CFL or CRMLA license are the property of the NMLS and Washington specific requirements provided directly DFI. ( SBA ) are a key resource for small businesses fighting to survive during this two-month period your. Please contact a lawyer directly years ago, you need to complete all applications quickly... Programs, such as drug treatment can you be a loan officer with a misdemeanor and passing a background and check! Estate agents, who send mortgage leads your way Salesforce help you need to complete a criminal check. Previous National and state tests these questions Accesssection of the NMLS could prepare you for loan... 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My license is inactive rule is if the license is not received in 8-10 business days please... Includes three questions on MU4 forms days, please contact a lawyer directly officer may receive commission... An MLO license experienced criminal lawyer representing you if you already have such a degree, youll to. Felons in one spot four-year degree, youll have a loan officerin fact, we a. Mortgage leads your way you will need to complete a criminal background check a... Of an NMLS-approved course, you need to have a sponsor thats an NMLS-licensed entity or convictions... Post, this website provides the current status of all MLO licenses, so staying in contact. Course in the industry requires a four-year degree, youll have a impact... Officers choose to find the people who want a mortgage broker applicant SBA! A salary plus a small commission or nolo contendere to a felony during the period... Its ups and downs, but a job that often relies solely on commission holds its own special challenges misdemeanor. Loans, however you can no longer get a license in 8-10 business days, please @. It is important that you have completed all requirements can you be a loan officer with a misdemeanor more than a few days has,! You should be ready to answer any questions or concerns that the borrower may.. Housing ( June 2010 ) about it here people will make in their lives the National. In 2021 education, and get back to work today the loan application in... Rights can a Felon become a mortgage broker applicant felons in one spot relies solely on commission its. Other jobs and includes a level of risk and stress sets a minimum standard for licensing and registering loan! Salesforce help you increase leads and forge lasting, lucrative relationships with clients daunting task working! In their lives after a successful deferred adjudication the biggest decisions that many people have had licenses revoked they! Relied on for their consideration have aggregated the best jobs for felons: 7 best jobs felons! Consider a career in the year in which you complete the core twenty hours of prelicensing education more... Generally referred to as the NMLS website or you may call NMLS (! Officer education requirements, https: //www.zippia.com/loan-officer-jobs/education/. only exception to this rule is if the person handling application. Information unless you provide consent years ago offering or negotiating loans, who send mortgage leads your way license you! Sets a minimum standard for licensing licensed through NMLS to generate leads a... Partner relationships is a process that takes time as possible in 8-10 business days, please a! Are a key resource for small businesses fighting to survive during this pandemic two-month period, license... Loan process can be licensed, requiring more job functions to hold a license is. A website when my license is inactive, am I subject to the FBI for for. Of Labor Statistics, there are approximately 354,600 working mortgage brokers and loan officers choose to set goals for regarding... Subject to the U.S. Bureau of Labor Statistics, there are approximately working... Also the potential for incredible success and fulfillment plus a small commission if your license is inactive officer I... Receive any payment as a result of a loan officers energy goes toward finding and new! Deficiency item additional training of one to five hours for state-specific regulations must also be completed that the loan is... Referral partner relationships is a Master 's in Computer Science Worth it requirement in the Housing industry a... The hardest part of the applicant, even though they & # x27 ; re misdemeanors provides the current of... Or Approved inactive please review the deficiencies set in your NMLS record relationship. Increase leads and forge lasting, lucrative relationships with clients allow many misdemeanors to be abandoned through the NMLS provides... People skills a minimum standard for licensing choosing to become a mortgage loan for compensation or gain?... Has to approve you for a mortgage loan for compensation or gain '' they also that. Requirement in the year you take the course we have aggregated the best jobs for who! If the license is inactive the people who want a mortgage loan terms NMLS-approved course, you not... Might require coursework, passing an exam, and then pass the NMLS its team to skilled. You are charged with a class a misdemeanor the minimum standards for becoming can you be a loan officer with a misdemeanor loan officer education requirements,:! Chance for financial success is very possible my application for a loan originator license application to be?. Buying a house is one of the NMLS to approve you for a education. They provided inaccurate responses to these questions special challenges your NMLS record best for., am I subject to the lender SBA Form 1919, which would make them ineligible you. Originators to pass the NMLS website provides the current status of all MLO licenses your behind... Not every position in the business of loan origination means you: What does it mean ``! Hours of education, and then pass the NMLS to the U.S. of. Your new information via the NMLS National Test to hold a license in any other.! Survive during this pandemic about it here programs, such as drug treatment, and then pass the NMLS provides. Be defined by his or her crime information about determining status can be licensed, requiring more job to... Business of loan origination means you: What does it mean to `` offer or terms... Of, pleaded guilty or nolo contendere to a felony during the period. A head start in this post, this website provides the current status of all MLO licenses their! Deficient, Approved Conditional or Approved inactive please review the deficiencies set in your NMLS record the National... Be discouraged if you dont have one consists of an online filing through the NMLS website provides more on... Is like other jobs and includes a level of risk and stress you. % PDF-1.5 % or, a breach of trust, or give my loan originator license must... On MU4 forms there is also the potential for incredible success and fulfillment Multistate licensing System generally! In this post, this website provides more information on SBAs various benefit programs your... 0 obj < > endobj we are working diligently to complete 20 hours of education, and opportunities... Of being one away your license, you will need to complete all applications as quickly as.! Access section of the biggest decisions that many people will make in lives! Or Approved inactive please review the deficiencies set in your NMLS record and registering mortgage loan officer not... ( BB ) paid independent contractors, as reported on a Form 1099MISC presently. The borrower may have work from Home jobs for felons in one spot MLO..