Question

Contract Processors and UW must take the 20 hours of pre education, pass the exam and license as an MLO. Contract Processors and UW can work for as many companies as available to them.

True
False

Answer 1

Contract processors and underwriters who complete the necessary requirements can work for multiple companies.

Step-by-step explanation:

Contract processors and underwriters (UWs) need to complete 20 hours of pre-education, pass an exam, and obtain a license as a Mortgage Loan Originator (MLO). They may work for multiple companies if the opportunity arises. Therefore, the statement that contract processors and UWs can work for as many companies as available to them is true.