Many states differentiate between mortgage loan originators, mortgage loan servicers and mortgage loan brokers. There are additional classifications of licensing requirements for commercial versus residential loans. Furthermore, many state licenses are subject to annual reporting requirements to ensure ongoing compliance.

Fraudulent and abusive lending practices in the mortgage market have lead to a spotlight on regulation and enforcement in this industry. Companies that attempt to evade state licensing and consumer protection laws by using illegal lending schemes are at risk for serious penalties and may be shut down by the state. Penalties range from large fines, civil law suits, to possible jail time.

Mandatory registration

Seven New Jersey companies cited for offering loan modification without a license

Make sure lenders are licensed

1. Our Mortgage Licensing experts stay up-to-date with changing requirements and forms so you can focus on the job at hand.

2. You save money because we will complete applications faster (this is our area of expertise!). You don’t waste valuable resources on license applications.

3. We ensure your application is filed correctly with the proper authority on the first attempt. Dealing with rejections can be time consuming.