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We have a subsidiary that is a mortgage company. The president of the company wants to list his title on his business card as “mortgage lender.” Is that permissible? – IBA Compliance Connection

IBA Compliance Connection

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We have a subsidiary that is a mortgage company. The president of the company wants to list his title on his business card as “mortgage lender.” Is that permissible?

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We are not aware of any laws or regulations that would prohibit a mortgage loan originator (MLO) from using “Mortgage Lender” as a title on his or her business cards. While the phrase “mortgage lender” ordinarily refers to an entity or organization that is acting as a lender, we do not believe that it would be considered confusing or deceptive for an individual MLO to use that phrase for a job title.