11 10, 2011

What Types of Mortgage Company Licenses Are Available in California

2022-09-01T15:38:41-07:00October 11th, 2011|Mortgage License, Mortgage Licensing News|

Before discussing how to get a California Mortgage Company License, we need to first discuss what type of mortgage license you should get. There are three (3) different types of Mortgage Company Licenses offered in California. The Bureau of Real Estate offers the California Department of Real Estate (DRE) Corporate License with the Nationwide [...]

14 06, 2010

Colorado Mortgage Companies must now be Licensed

2017-01-23T19:53:11-08:00June 14th, 2010|Mortgage License, Mortgage Licensing News|

Colorado now requires Mortgage Companies to be licensed by the state. On May 26, 2010, Colorado Governor Bill Ritter, Jr. signed a bill (H.B. 10-1141) that (i) creates a new state mortgage regulatory division, the Board of Mortgage Loan Originators, and (ii) establishes registration deadlines for mortgage loan originators and mortgage companies via the Nationwide [...]

22 06, 2009

FAQ for Washington Consumer Loan License Changes

2017-01-23T19:53:16-08:00June 22nd, 2009|FAQ, License Updates, Mortgage License, Mortgage Licensing News|

When SB 6471 was passed during the 2008 legislative session and became effective June 12, 2008, the definition of mortgage broker under the MBPA was amended to remove references to making a loan. The net effect of the amendment was to prohibit lending under the MBPA. SB 6471 also expanded the Consumer Loan Act (CLA) [...]

16 09, 2008

September 2008 Mortgage Licensing Update

2017-01-23T19:53:17-08:00September 16th, 2008|License Updates, Mortgage License, Mortgage Licensing News|

North Carolina Passes New Mortgage Laws, Banning YSP and Requiring Licensing for Servicers Effective October 1, 2008, House Bill 2188 amends the Rate Spread Home Loan Law to prohibit the payment of a yield spread premium on rate spread home loans. Make sure to look at the definition of a rate spread home loan. Effective [...]

24 12, 2007

What Services Does a Mortgage Licensing Company Offer?

2017-01-23T19:53:18-08:00December 24th, 2007|Mortgage Broker Licensing, Mortgage License, Mortgage Licensing News, Mortgage Servicer Licensing|

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 [...]

1 12, 2007

Largest Barrier to Mortgage Licensing

2015-05-24T14:25:13-07:00December 1st, 2007|Licensing Requirements, Mortgage License, Mortgage Licensing News, Surety Bond|

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 [...]

1 11, 2007

What Are The Benefits Of Using A Mortgage License Service?

2015-05-24T14:26:06-07:00November 1st, 2007|Mortgage License, Mortgage Licensing News|

If you're reading this article, you may be asking what the benefits are of using a mortgage license service. Acquiring a license is as simple as just sending an application to the state and waiting for the license to come in, right? Well, yes and no. Due to sensitive information handled by mortgage companies, the [...]

24 10, 2007

What’s Required to Get a Mortgage License?

2017-01-23T19:53:19-08:00October 24th, 2007|Mortgage License, Mortgage Licensing News|

As published in Scotsman Guide Magazine, Titled: Know What's Needed to Cross State Lines The first thing to keep in mind when deciding to get licensed in multiple states is that every state is different. Mostly in the last 10 years, every state has come up with their own licensing scheme. The state congress passess [...]


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