Categories:
- Home
- Mortgage Licensing Prices
- Discounted NMLS Education
- Customer Testimonials
- Requirements by State
- Requirements by Type
- FHA Licensing
- Definitions
- Latest Licensing News
- Licensing Resources
- Licensing Services
- About Us
- Contact Us
New Articles:
- What Types of Mortgage Company Licenses Are Available in California
- Customer Testimonials
- Texas Mortgage Servicer Licensing now required
- Florida In-House Processors no longer need LO Licensing
- Montana Mortgage Servicer Licensing now required
Contact Us
For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
New Licensing System
March 27, 2007
Mortgage
Licensing System Embraced By Some Slammed By Others
Mortgage News Daily
In signing the statement the 29 state agencies asserted the reasons for state participation:
- To improve the efficiency and effectiveness of state supervision of the U.S. mortgage market;
- To fight mortgage fraud and predatory lending that costs consumers and the mortgage industry hundreds of millions of dollars in losses each year;
- To increase accountability among mortgage industry professionals;
- To unify and streamline state license processes for mortgage lenders and mortgage brokers.
The state agencies are expected to begin using the system over 2008 and 2009 as the systems full functionality is realized. Additional states have expressed interest in joining the system but are still determining a timeframe.
See the rest of the article at: http://www.mortgagenewsdaily.com/382007_Mortgage_Licensing_System.asp