On a side note, for those that are potentially buying a home, make sure you do your research and due diligence on the loan officer working your file.
On one hand, each loan officer is required to have an NMLS number, BUT, they may or may not be individually licensed. If they are working as a loan officer and working at a bank (federally chartered), they may be operating under the bank's umbrella license and not individually licensed.
On the other hand, even if a loan officer is licensed, it does not mean they know what they are doing. Just like driver licenses, everyone has one, but not everyone knows how to drive.
The reason I say this is because I get clients all the time where they have been burned by another inexperienced/unknowledgeable loan officer, and we are having to play clean up and/or fix issues the previous idiot loan officers made, all on a very short timeline.
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