Name a key duty of the PLM regarding loan originator supervision?

• A. Supervising the originator licensing process for new hires
• B. Conducting periodic compliance training for loan originators
• C. Supervising and approving activities of licensed loan originators and ensuring compliance with state laws and company policies
• D. Maintaining loan files and retention schedules

Answer: (C)

Supervising loan originator activities and ensuring adherence to state laws and company policies is the central duty. The PLM is responsible for overseeing licensed loan originators, approving their activities, and making sure they operate in line with applicable state regulations and the company’s own rules. This oversight helps catch noncompliance early, ensures proper licensing status, and reinforces consistent practices across the lending team. Other tasks like handling new-hire licensing, conducting training, or maintaining loan files are important in the broader compliance and operations framework, but they are not the primary ongoing supervision role of the PLM.