West Virginia Mortgage Law Practice Test

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Prepare for the West Virginia Mortgage Law Exam with our comprehensive test. Study using various questions and insights to strengthen your understanding of mortgage regulations and laws in West Virginia. Gear up and ensure you pass your exam!

Practice this question and more.

All of the following are required to be licensed under West Virginia law, except:

Loan originators
Mortgage brokers
Mortgage processors
Mortgage lenders

The correct answer is: Loan originators

In West Virginia, loan originators are not required to be licensed under state law, unlike mortgage brokers, mortgage processors, and mortgage lenders. Loan originators are individuals who work with borrowers to complete mortgage transactions but do not have the same licensing requirements as the other professionals involved in the mortgage process. This is why choice A is the correct answer.