If you take online mortgage CE, you’ve encountered BioSigID. Plenty of people assume it’s just another password step. It isn’t. The NMLS will sometimes call it an “anti-fraud” measure, and that description is accurate for one simple reason: it’s biometric.
BioSigID can detect when different people are generating authentication patterns for the same account. Translation: it can flag when someone else is completing your online CE for you. It’s designed to catch exactly that.
A Real Case, Real Consequences
Here’s the latest enforcement example making the rounds:
A mortgage loan originator settled with 21 state financial regulatory agencies after being accused of directing another person to take required education on his behalf and then taking credit for it.
The settlement terms were not a slap on the wrist:
- Barred from practicing in most of the participating states
- Restricted from practicing in others
- Fines totaling $31,000
- Permanently barred from licensure as an MLO in all participating states except Colorado and Florida, where he may reapply after two years if he:
- pays all administrative penalties, and
- completes additional education requirements
- Prohibited from serving as a Qualified Individual or Control Person of any NMLS-registered financial services entity for two years
- Removed as a Qualified Individual and Control Person of the company he worked for
That is career-level damage over something people still treat like a shortcut.
The Part People Keep Missing
It doesn’t matter what your position is, how much you know, or how busy you are. Do your own CE.
This is not hard to detect anymore. BioSigID is built for pattern recognition across attempts, sessions, and users. If you have someone else do it, you’re betting your license against a system designed to identify that exact behavior.
And this is only the stuff that gets published. Plenty never make a press release.