News 2024-01-15
State Mortgage Licensing Guide 2024
Complete guide to state mortgage licensing requirements and exemptions.
Read More →State Law Compliant?
Is your company State Law Compliant?
The foremost attorney on mortgage licenses in the US
What? Who? Why? Where? When? How?
What?
To be compliant with the state laws, your Company MUST hold Mortgage Licenses or Exemptions.
Who?
Every new Company entering the Mortgage Industry must ensure state law compliance.
Why?
Your Company's violations of state and federal laws will cause Penalties, Fines, and Cease and Desist Orders.
Where? When? How?
All 50 states and DC. Before your Company starts business and generates Revenue. Herb Thomas will design and conduct your State Licensing Project through the NMLS.
State Law Compliance Requirement
Please ensure your mortgage licensing is in full compliance with applicable federal and state regulations.
Need Mortgage Licenses or Exemptions?
Consult with Herb Thomas, the foremost attorney on mortgage licenses in the US.
What is a Compliance Project?
Goal
The Compliance Project is designed to assure your mortgage company is in full compliance with state licensing laws through the NMLS system and ongoing monitoring.
The Compliance Project Process:
1
Business Activity Review
Review the details of your Company's mortgage lending activities
2
Statute Research
Research applicable state licensing statutes to determine if licenses are required or exemptions qualify
3
Agency Requests
Make formal written requests to state licensing agencies to confirm the research results
4
Follow-up Actions
Conduct status inquiries and encourage state agencies to respond in writing to our requests
5
Response Analysis
Analyze and interpret the responses and recommend relying on written confirmation or pursuing licenses
6
Ongoing Support
Maintain ongoing compliance monitoring and support for your organization
State Compliance Checklist
Mortgage Industry Licensing Needs
Determine which licenses your mortgage business entity requires:
Not sure which licenses you need? Contact our licensing experts for personalized guidance.
Need Mortgage Licenses or Exemptions?
Get in Touch
Have questions about mortgage licensing? Contact us today.
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