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> | ||
No comments:
Post a Comment