50 States Mortgage Licensing Lawyer

Since the enactment of the SAFE Act, all mortgage professionals and companies located in all 50 states in the United States have been required to obtain mortgage licenses.   Applications are submitted through the NMLS, as shown by clicking on the link below:

https://nationwidelicensingsystem.org/slr/Pages/default.aspx

Some mortgage license application items are submitted electronically through NMLS and some items are submitted directly to the applicable state regulator.

It is important to note that NMLS is not a license, but a platform used by all 50 states to submit mortgage (and other financial services) license applications.   Accordingly, the actual mortgage license is granted by each state’s regulator.  For example, in California, both the DBO and DRE (not NMLS) grants mortgage licenses.

Please review the mortgage license requirements of each state, and then contract me for a quote for license application services.   Each state typically has more than one mortgage license, which your mortgage business can choose from to fit your mortgage business model.

https://nationwidelicensingsystem.org/slr/Pages/default.aspx

Feel free to contact me, a 50 States Mortgage Licensing Lawyer, so I can explain the type of services offered.

 

SERVICES WE PROVIDE:

  •  Assistance with obtaining mortgage broker, lender, and servicer license applications in all 50 states.
  • Assistance in obtaining mortgage loan originator in all 50 states.
  • Advice concerning State and Federal Lending Laws to California brokers, lenders, and servicers.
  • Drafting of loan documents to California brokers, lenders, and servicers.
  • Representation before CFPB for mortgage brokers, lenders, and servicers located in all 50 states.
  • Representation in DBO and DRE administrative hearings and proceedings, including Accusations, Statements of Issues, Desist and Refrain Orders, and Citations, for  California brokers, lenders, and servicers..
  • Representation in investigations by DBO or DRE for California brokers, lenders, and servicers..

 

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was enacted on July 30, 2008, and mandates a nationwide licensing and registration system for residential mortgage loan originators (MLOs). The SAFE Act prohibits individuals from engaging in the business of a residential mortgage loan originator without first obtaining and maintaining annually:

  • For individuals who are employees of covered financial institution, registration as a registered mortgage loan originator and a unique identifier (federal registration),
  • For all other individuals, a state license and registration as a state-licensed mortgage loan originator, and a unique identifier ( state licensing/registration).

 

The SAFE Act requires that federal registration and state licensing and registration be accomplished through the same online registration system, the Nationwide Mortgage Licensing System and Registry (Registry).The objectives of the SAFE Act include aggregating and improving the flow of information to and between regulators; providing increased accountability and tracking of MLOs; enhancing consumer protections; supporting anti-fraud measures; and providing consumers with easily accessible information at no charge regarding the employment history of and publicly adjudicated disciplinary and enforcement actions against MLOs.

We provide assistance with mortgage applications in all 50 states, including the following:

Alabama mortgage license .    Alaska mortgage license .  Arizona mortgage license .   Arkansas mortgage license .   California mortgage license .   Colorado mortgage license .  Connecticut mortgage license .  Delaware mortgage license .  Florida mortgage license .   Georgia mortgage license .   Hawaii mortgage license .  Idaho mortgage license .  Illinois mortgage license .  Indiana mortgage license .  Iowa mortgage license .  Kansas mortgage license .  Kentucky mortgage license .  Louisiana mortgage license .  Maine mortgage license .  Maryland mortgage license .  Massachusetts mortgage license .  Michigan mortgage license .  Minnesota mortgage license .  Mississippi mortgage license .  Missouri mortgage license .  Montana mortgage license .   Nebraska mortgage license .   Nevada mortgage license . New Hampshire mortgage license .  New Jersey mortgage license .  New Mexico mortgage license . New York mortgage license .  North Carolina mortgage license .  North Dakota mortgage license .  Ohio mortgage license .  Oklahoma mortgage license .   Oregon mortgage license .  Pennsylvania mortgage license .  Rhode Island mortgage license . South Carolina mortgage license .  South Dakota mortgage license .  Tennessee mortgage license .   Texas mortgage license .  Utah mortgage license .  Vermont mortgage license .   Virginia mortgage license .  Washington mortgage license . West Virginia mortgage license .  Wisconsin mortgage license .  Wyoming mortgage license .