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Mortgage Licensing

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Uploaded by on Nov 14, 2009

The NMLS is in effect for most states now.

There are actually those out there that think they don't need a license to practice mortgage originations.

Unbelievably, but true, some of them work at banks and they are right!

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  • In Calif. I was under the impression they all were state licensed with certifications. Your telling me all the fancy offices, suits, and BMWs are all a front. None of these people are qualified? I dealt with an established financial co. that put me one of those Option-Arms guarenteed to fail loans. Your telling me the guy had no educational back ground and was publicly welcomed to steal. This is incredible.

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