Mortgage Servicer Licensing

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27 06, 2011

Texas Mortgage Servicer Licensing now required

June 27th, 2011|Mortgage Licensing News, Mortgage Servicer Licensing|

On June 17, Texas Governor Rick Perry signed into law S.B. 17, the Residential Mortgage Loan Servicer Registration Act, which requires all residential mortgage loan servicers in Texas to register with the Commissioner of the Texas Department of Savings and Mortgage Lending (Commissioner). The Mortgage Servicer Registration is required for companies acting purely in a [...]

23 06, 2011

Montana Mortgage Servicer Licensing now required

June 23rd, 2011|Mortgage Licensing News, Mortgage Servicer Licensing|

On May 5, 2011, Montana adopted House Bill No. 90, which made numerous revisions to the Montana Mortgage Broker, Mortgage Lender, and Mortgage Loan Originator Licensing Act (Act) and changed its title to the Montana Mortgage Act. The revisions included requirements for the licensing and regulation of mortgage servicers. The effective date of the changes [...]

4 05, 2010

Washington Adds Servicing Licensing Through NMLSR

May 4th, 2010|Mortgage Licensing News, Mortgage Servicer Licensing|

Washington Mortgage Loan Services must obtain a consumer license by July 1, 2010. The state of Washington added additional requirements of servicer licensing and reporting responsibilities under the Consumer Loan Act and clarification of loan modification services regulated by the Department of Financial Institutions under both the Consumer Loan Act and the Mortgage Broker Practices [...]

24 12, 2007

What Services Does a Mortgage Licensing Company Offer?

December 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 [...]