Does NMLS audit mileage?

Indirectly — it requires activity tracking.

Brazil — correspondente bancário?

Yes, follows the autônomo rules.

For mortgage brokers

Mileage receipts for closings and borrower visits

Notary, county clerk, closing and property inspections — NMLS-compliant log.

Mortgage brokers spend the month between title companies, notaries and closings. Each formal visit needs documentation that aligns with both the NMLS log and the Schedule C.

Common pains

Closings in multiple cities — Each closing requires physical presence.
Pre-closing property inspections — Inspection trips often unlogged.
Parallel NMLS log — Dual documentation must stay consistent.

Best practices

Tag the trip with the loan number — Defends NMLS audit.
Separate closings from inspections — Distinct events.
Log title company / notary — Frequently forgotten.

Frequently asked questions

Does NMLS audit mileage?: Indirectly — it requires activity tracking.
Do pre-bid inspections count?: Yes, as commercial activity.
Brazil — correspondente bancário?: Yes, follows the autônomo rules.

Brokers who document closings recover up to US$ 12,000/year in Schedule C deductions.