Thursday, January 25, 2007

Hud Exemption to Certain States for Lenders

Hud Exemption to Certain States for Lenders

To establish proof of a mortgage license exemption, we offer the following services:

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

CO Broker Confirmation

IN Broker Confirmation

WV Broker & Lender [Limited Exemption]

SC Broker [Limited Exemption]

AL Broker & Lender Confirmation

LICENSE EXEMPTIONS DUE TO STATUS AS:

HUD Approved Correspondent Lenders

"MINI EAGLE"

KY Broker & Lender Registration

MO Broker & Lender Confirmation

CO Broker Confirmation

IN Broker Confirmation

TN Broker & Lender Registration

MS Broker & Lender Registration

HI Broker & Lender Confirmation

WV Broker [Limited Exemption]

SC Broker [Limited Exemption]

AL Broker & Lender Confirmation

Benefits: State Agency License Exemption Confirmation Request Letters give notice to the state that
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.
TD>

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