Loan Originator Licensing

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Assists a consumer in obtaining or applying to obtain a residential mortgage loan.

4 06, 2007

South Dakota Loan Officer Licensing

2015-05-23T08:19:03-07:00June 4th, 2007|Loan Originator Licensing, Mortgage Licensing News|

December 31, 2007, Loan Originators will be required to be registered with the state of South Dakota.  The registration will be fairly simple.  At this point it appears to be contact information and a fee.  The new law will require mortgage brokers and lenders to have 2 years of documented experience as a loan originator [...]

30 05, 2007

West Virginia Passes New Loan Originator License Requirements

2017-01-23T19:53:19-08:00May 30th, 2007|License Updates, Loan Originator Licensing, Mortgage Licensing News|

West Virginia passed a new bill [HB 2776], which requires Licensees Holding either Mortgage Lender and/or Broker Licenses to license its individual loan originators if the majority of the licensee's residential mortgage loan transactions are brokered transactions. Got to: http://www.legis.state.wv.us/Bill_Text_HTML/2007_SESSIONS/RS/BILLS/HB2776%20Enr%20SUB.htm to review the bill.

27 05, 2007

New York Mortgage Loan Originator Act

2015-05-23T08:19:15-07:00May 27th, 2007|Loan Originator Licensing, Mortgage Licensing News|

Following the current industry trend, New York has adopted the Registered Mortgage Loan Originators Act (MLO Act). The MLO Act, which although effective as of January 1, 2007 will not go into effect until January 1, 2008, requires that mortgage loan originators register with the New York Department of Banking (Department). See the rest of [...]

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