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UST Test Prep 4 Exam 2025 Questions and Answers True or False? The Regulator has both summons and examination authority over any loan originator as may be relevant or material to an investigation of such loan originator for compliance with the licensing requirements. - --Answer --True True or False? A registered loan originator does not need to maintain a unique identifier through the NMLSR so long as he or she works for a subsidiary that is regulated by a federal banking agency. - --Answer --False True or False? An individual engaging solely in loan processor or underwriter activities, shall not represent to the public, through advertising or other means of communicating. - --Answer --True Which of the following is NOT true of a loan originator? - --Answer --A loan originator performs purely administrative tasks. It is permissible to sign a borrower's application or related documents on behalf of or instead of another Mortgage Broker, Lender, or Loan Originator as long as: - -Answer --none of the above, this action is not permitted. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1