Compliance Solutions

Mortgage Licensing News

Stay updated with the latest compliance alerts and industry news for mortgage professionals

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Recent Compliance Alerts

Recent Posts

COMPLIANCE ALERT: LA MTG SERVICER NEEDS A LICENSE BY 6/30/15
Compliance Alert June 19, 2015

COMPLIANCE ALERT: LA MTG SERVICER NEEDS A LICENSE BY 6/30/15

Just like Rhode Island, if you wish to service Louisiana mortgage loans, Louisiana requires a Mortgage Servicer to obtain a Louisiana Residential Mortgage Lending License by June 30, 2015.

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COMPLIANCE ALERT: RI MTG SERVICER LICENSE AS OF 6/1/15
Compliance Alert June 19, 2015

COMPLIANCE ALERT: RI MTG SERVICER LICENSE AS OF 6/1/15

If you wish to service Rhode Island mortgage loans, Rhode Island requires a Third Party Loan Servicer License after June 1, 2015.

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38 States have adopted the Uniform State Test for MLOs
Industry News May 15, 2015

38 States have adopted the Uniform State Test for MLOs

A significant milestone in mortgage licensing standardization as 38 states adopt the Uniform State Test for Mortgage Loan Originators.

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MICHIGAN DIFS Mortgage Loan Originator and Seller Financing FAQs
State Guidance May 10, 2015

MICHIGAN DIFS Mortgage Loan Originator and Seller Financing FAQs

Michigan Department of Insurance and Financial Services provides comprehensive FAQs regarding mortgage loan originator requirements and seller financing exemptions.

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HUD Lender Recertification extended to 7/15/14
Compliance Update April 20, 2015

HUD Lender Recertification extended to 7/15/14

HUD has extended the lender recertification deadline to July 15, 2014, providing additional time for lenders to complete their recertification requirements.

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Voted "Best Business Mobile App of 2014"
Recognition March 5, 2015

Voted "Best Business Mobile App of 2014"

Our mortgage licensing application has been recognized as the Best Business Mobile App of 2014.

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State Mortgage Licenses

Our comprehensive database covers mortgage licensing requirements across all states, including:

  • Home Mortgage Licenses
  • Lender Matrix and Requirements
  • Servicer Matrix and Compliance
  • Broker Matrix and Guidelines
  • Qualified Individual Requirements
  • Financial Statement & Net Worth Standards
  • Appraisal Management Company Licenses
  • State Law & SEC Compliance

Seller Financing Regulations

Understanding seller financing requirements is crucial for compliance. Key states include:

  • Michigan: Seller financer is classified as a "mortgage lender"
  • Texas: Seller Financing de minimis exemption available
  • Washington: Seller Financing License Waiver options

Need Mortgage Licenses or Exemptions?

Consult with Herb Thomas, the foremost attorney on mortgage licenses in the US.