I have had clients tell me that licensing a mortgage company nationwide was one of the most challenging projects that they have ever taken on. So why is it so challenging, and what can you do to make the process easier? What does a Mortgage Licensing Company do to make this process easier? To explain [...]
There has been talk about the new Nationwide Mortgage Licensing System (NMLS) for a couple years now, and now it is finally here. There has been a lot of speculation on how this will affect the mortgage licensing process. With 42 states now agreeing to take part, 7 states agreeing to use the system starting [...]
I get calls all of the time from companies that are interested in getting away from a net branch company and getting their own mortgage licenses. After hundreds of these conversations, I've been able to reduce the call to a simple question. What is your mortgage company's net worth? Now you may be thinking that [...]
The bills in the Senate are just sitting there, the state legislative sessions are starting up and business is slowing down. Here's the latest news for mortgage licensing Colorado - E&O Insurance now required for Mortgage Broker Individuals Massachusetts - Surety Bond is not available FHA Reform - New Bills still on hold in the [...]