Sentences with phrase «licensed as mortgage brokers»

Even if you meet HUD's test for earning compensation, be advised that in many states individuals who are paid to assist borrowers in obtaining a loan must be licensed as mortgage brokers.

We are licensed as mortgage brokers in Whitby but in recognition of residents» unique needs; we also offer some special services including:

Not exact matches

The Russian native was a licensed industrial mechanic and, before immigrating, worked as a mortgage and insurance broker in Germany.

If they pass the Mortgage Broker Education Program, FSCO must establish that they reside in Ontario and work at a licensed brokerage to issue an individual the license allowing them to practice as a mortgage broker in OttMortgage Broker Education Program, FSCO must establish that they reside in Ontario and work at a licensed brokerage to issue an individual the license allowing them to practice as a mortgage broker in Ottmortgage broker in Ottawa, ON.

If you're in the market to purchase a home â $ «and now is a perfect time with industry low mortgage rates and an $ 8,000 federal tax credit for first - time homebuyers â $ «you should contact a licensed mortgage broker as soon as possible to get... View Article

If you're in the market to purchase a home â $ «and now is a perfect time with industry low mortgage rates and an $ 8,000 federal tax credit for first - time homebuyers â $ «you should contact a licensed mortgage broker as soon as possible to get pre-approved.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

All brokers start out as mortgage agents and maintain the license for two years before applying to be a mortgage broker.

I interviewed a licensed life insurance broker Lorne Marr from LSM Insurance, who is often quoted as an industry expert in numerous mainstream media publications (e.g. here is Lorne Marr's interview in Toronto Star), to get his view on mortgage insurance and if it is a good idea.

We are licensed to serve as mortgage brokers in Sudbury and in addition to the basics; Mortgage Broker Store has some niche ofmortgage brokers in Sudbury and in addition to the basics; Mortgage Broker Store has some niche ofMortgage Broker Store has some niche offerings:

All Mortgage brokers must have a license from the Financial Services Commission of Ontario (FSCO) in order to run a business as a broker.

This makes it possible to pass the FSCO approved Mortgage Broker Education Program and receive the license to serve as a mortgage broker in Barrie and other cities in Ontario,Mortgage Broker Education Program and receive the license to serve as a mortgage broker in Barrie and other cities in Ontario,mortgage broker in Barrie and other cities in Ontario, Canada.

To get this a mortgage broker license one must serve as a mortgage agent in Ontario for at least two years.

All brokers start as mortgage agents and they must maintain the license for two years before they can apply to be a mortgage broker.

Mortgage brokers usually start out as mortgage agents and maintain their licenses for twMortgage brokers usually start out as mortgage agents and maintain their licenses for twmortgage agents and maintain their licenses for two years.

Anyone who is interested in becoming a mortgage broker must start out as an agent and maintain their license for a couple of years.

Then you can get a license to serve as a mortgage broker in Whitby and other cities in the greater Ontario Province.

Anyone who hopes to become a mortgage broker in Stouffville must have a license from the Financial Services Commission of Ontario in order for them to do business as brokers.

I am licensed as a broker by the California Bureau of Real Estate, and as a mortgage originator by the National Mortgage Licensingmortgage originator by the National Mortgage LicensingMortgage Licensing System.

A person licensed as a mortgage banker, mortgage loan originator, or mortgage broker under s. 224.72 or 224.725 if the person is acting within the course and scope of the license.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act olicense; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act Mortgage License Act oLicense Act of 1987.

Rather than qualifying for the higher, posted rate, these buyers could qualify for the loan based on the much lower discounted rates, explained Calum Ross, a Toronto - based independent mortgage broker, who works with high net worth clients as a dually licensed wealth advisor (with his MBA) and mortgage broker.

To serve as a mortgage broker in Oakville, one needs a license from the Financial Services Commission of Ontario (FSCO).

I thought in the fairness of full disclosure you would have to be first licensed as a broker to be declared as America's # 1 Mortgage Broker.

An individual who acts as a mortgage broker exclusively for a single mortgage banker or single exempt person and who is licensed under the provisions of G.S. 53 ‑ 243.05 (c)(1a).

To get a license in Innisfil, aspiring brokers must start out as mortgage agents and hold on to the license for at least two years.

A mortgage broker, who should be a licensed one, acts as a middleman between you and potential lenders.

A mortgage broker (should be a licensed one), acts as a middleman between you and potential lenders.

In addition to the courts, Dennis has built a successful practice in representing individuals and companies before administrative tribunals such as the State of Illinois Liquor Control Commission, the Sheriff's Merit Board and the Illinois Department of Financial and Professional Regulation, where he recently succeeded in overturning a mortgage broker's license suspension.

Not surprising, but the company you are dealing with is not licensed as a mortgage lender, servicer, broker, or mortgage loan originator.

Just as no one other than a licensed lawyer should dispense legal advice, and no one other than a licensed real estate agent should provide advice relating to buying and selling real estate, only licensed mortgage brokers should provide consumers with advice on obtaining a mortgage.

The Power of Instagram Nicole Mickle has been a licensed REALTOR ® for six years in Orlando, Fla., but involved in the business for 21 years, serving as a mortgage broker, real estate transaction coordinator and loan officer.

287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship; broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account; broker committed conversion when his operating account fell below deposit amount; broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment; broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate broker vicariously liable and charged with actual knowledge of violation of law because of representative broker's cognizant misconduct as corporate officer; broker is not required to deposit a refundable commission in an escrow account unless contractually demanded; corporate broker and representative broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee

The Florida Office of Financial Regulation last year alleged that Deltona - based National Foreclosure Rescue Center, Inc. was acting as a loan originator, mortgage broker or mortgage lender without a license as the firm represented homeowners facing foreclosure.

84 DOS 99 Matter of DOS v. Woodland - failure to appear at hearing; jurisdiction; mortgage applications; failure to pay judgment; ex parte hearing may proceeding upon proof of proper service; DOS has jurisdiction over respondents for acts of misconduct which occurred during licensure even though the licenses expired on their own terms; DOS fails its burden of proof to establish broker failed to obtain signature on agency disclosure form; DOS fails its burden of proof to establish that a broker has an obligation to «pre-qualify» a potential purchaser; broker breached duty to deal honestly with the public when advised purchaser he would assist in obtaining financing and failed to do so; DOS fails its burden of proof that broker wrongfully failed to hold a $ 500.00 deposit in escrow as deposit was remitted to seller with the permission of buyer; failure to pay judgment without a showing that broker is unable to do so is a demonstration of untrustworthiness; no action to be taken for reapplication for broker's license until payment of $ 1,000.00 fine and proof of satisfaction of judgment

The TRID requirements from the Consumer Finance Protection Bureau regarding the paperwork required for closing most consumer credit transactions secured by real property, such as a traditional residential mortgage require real estate licensees acting as agents in the transaction to provide their individual salesperson's or broker's license number.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

You can run into mortgage broker license issues, securities issues such as 506c (which allows you to solicited to the general public but puts the burden of proof of accredited investors onto you or a 3rd party.)

Provincially licensed professionals like mortgage brokers, realtors, lawyers, etc, should have access to protect their clients and the law enforcement community should have access for crime prevention but OREA can never support giving the info to the general public as it could unduly damage their members» clients.