Need State Mortgage Licenses or Exemptions?

Getting Your Mortgage License as a Broker (Mortgage Broker License)

To gain access to the Nationwide Mortgage Licensing System (NMLS) for the first time, a company must submit a form requesting an account. Once the form has been submitted it will be reviewed for accuracy. If validated, an account will be set up for the company and User IDs and passwords will be issued to the account administrator(s) identified.

Is Your Mortgage Broker License Compliant with the National Mortgage Licensing System

The mortgage company should not to rely upon their response and has the burden of proving an exemption. However, when a state rules that based upon the facts presented that it does not think that the mortgage company is required to obtain a license, you'll need Herb Thomas's research to prove that this is correct. The inquiry is a due diligence request that cannot be accomplished by any other source or method. It should at least provide a "chilling effect" on the state licensing enforcement department from pursuing charges of "unlicensed mortgage activities" when the state said a license was not required. The mortgage company must make a business decision whether to rely upon the state response or pursue a license.

Tips When Applying for Your Mortgage License (Mortgage Originator License)

Simply contact us for an introductory consultation into what tips and extras you can learn while applying for your mortgage license. Our consultation helps you to avoid the dreaded fees & registrations you wouldn't have known about any other way.