State Agency License Exemption Confirmation Request Letters or Registrations:
(Our Fee: $500 per Confirmation Letter or Registation for license exemption knowledge, letter drafting, Registration preparation & followup and interaction with State Agencies
[SEE DISCLAIMER BELOW]
LICENSE EXEMPTIONS DUE TO STATUS AS:
HUD Approved Non-supervised Mortgagees
with Direct Endorsement Underwriting Authority
"FULL EAGLE"
KY Broker & Lender Registration
TX 1st Broker & Lender Registration
MO Broker & Lender Confirmation
MT 1st Lender Registation
TN Broker & Lender Registration
MS Broker & Lender Registration
OH 1st Broker & Lender [Limited Exemption]
OK Broker & Lender Confirmation
HI Broker & Lender Confirmation
IN Broker Confirmation
AL Broker & Lender Confirmation
LICENSE EXEMPTIONS DUE TO STATUS AS:
HUD Approved Correspondent Lenders
"MINI EAGLE"
KY Broker & Lender Registration
MO Broker & Lender Confirmation
IN Broker Confirmation
TN Broker & Lender Registration
MS Broker & Lender Registration
HI Broker & Lender Confirmation
AL Broker & Lender Confirmation
you will be doing business in their state and requests confirmation on state agency letterhead that you are not required to obtain a mortage license in their state. Normal response is about 60-75%. This alternative is much cheaper than confirmation via an Opinion of Counsel in each state that could cost as much as $3000 each. Written confirmation on State Letterhead is very valuable to present to Lenders as evidence that a license is not required. DISCLAIMER: HOWEVER, NOTHING ON THIS PAGE OR THIS SITE CONSTITUTES LEGAL ADVISE AND EACH PERSON SHOULD NOT RELY IN ANY WAY UPON ANY INFORMATION ON THIS SITE. IT IS RECOMMENDED NOT TO ORIGINATE OR MAKE MORTGAGE LOANS IN ANY STATE WITHOUT [1] A LICENSE, [2] WRITTEN CONFIRMATION OR REGISTRATION FROM THE STATE THAT YOU QUALIFY FOR AN EXEMPTION OR [3] AN OPINION OF COUNSEL FROM A LICENSED ATTORNEY IN THE STATE ADVISING YOU THAT YOU QUALIFY FOR AN EXEMPTION OR THAT NO LICENSE IS REQUIRED. THE PREPARATION OF THESE LETTERS IS MERELY A CLERICAL FUNCTION TO ASSIST YOU IN OBTAINING A WRITTEN OPINION FROM THE STATE AGENCY. EACH CLIENT MUST REVIEW THE LETTERS RECEIVED FROM THE STATES AND EVALUATE IF THE LETTER IS STRONG ENOUGH TO RELY UPON. IF THE CLIENT DOES NOT GET THE RESULTS IT WANTS, WE WILL PREPARE AND FILE FOR A LICENSE FOR NO ADDITIONAL CHARGE [CLIENT IS STILL RESPONSIBLE FOR FEES TO STATE, BONDING COMPANY AND CORPORATE SERVICES COMPANY] IF THIS OPTION IS ELECTED.