A person who qualifies as a PLM and works by or on behalf of another PLM in transacting mortgage business is known as:

• A. An associate lending manager
• B. A supervising loan officer
• C. A broker-approved assistant
• D. A loan processor

Answer: (A)

In this scenario, the role being described is someone who is already qualified as a Principal Lending Manager (PLM) and who works by or on behalf of another PLM to conduct mortgage business. The appropriate label for that arrangement is associate lending manager. This term covers a PLM who operates under the direction of another PLM, assisting with loan origination while the other PLM remains the primary supervisor and accountable for licensing and compliance. The other titles don’t fit this setup: a supervising loan officer is typically a different supervisory role within lending operations but doesn’t specify the PLM-to-PLM relationship; a broker-approved assistant and a loan processor describe roles focused on brokerage support or processing tasks, not on PLM qualification and hierarchical supervision. So the associate lending manager best describes a PLM working on behalf of another PLM to transact mortgage business.