Welcome to Mortgage Broker Guide
Florida Mortgage Broker Licensing Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Becoming a Mortgage Broker
from: Mortage & Debt FactsIf you have ever bought your own home, you have likely worked with a mortgage broker. While most people use them, they are often a misunderstood occupation. In reality, these mortgage brokers act as an intermediary between you and a mortgage lender. Some people think that they work strictly for mortgage lenders. That's not true. Lending officers do that. They look out mostly for themselves and the lender and don't care as much about the buyer. Mortgage brokers are different. They work to help buyers find the right lender and buyer so that both parties are happy.
The career of a mortgage broker is a popular one. In fact, there are over 400,000 mortgage brokers in the United States alone. This makes up for over 65% of all mortgage loan transactions. Because they are in such high demand, a lot of people look into getting into this career. It isn't for everyone, though. For instance, you need to really like people. You will be working with buyers all day. You should also like, or at least tolerate, doing paperwork. Much of your job will entail filling out paperwork for your customers and turning that paperwork into a mortgage lending company.
There are a lot of tasks that a mortgage broker is responsible for. Above all else, they work with buyers to help them find the best mortgage lender and loan product. To do this, they focus on marketing in order to attract new clients, they asses the circumstances of the borrower, and they collect any necessary paperwork. This is only just a bit of what a mortgage broker does every day.
Not only do you need to know a lot about the field, but you need to be licensed as well. There are many requirements when it comes to being a mortgage broker. You will need to show that you know what you are doing. This is important since there are a lot of laws, rules and requirements when it comes to mortgage loans. If you don't know what you are doing, both you and your client will get into a lot of trouble. This is the main reason why mortgage brokers are required to be licensed.
The rules and regulations of mortgage brokers vary quite a bit between countries and regions within those countries. Mortgage brokers in the United Kingdom have a lot different rules than mortgage brokers in the United States. Be aware that you should be learning as much as you can about what happens in your own area than what may be required in a different country.
Florida Mortgage Broker Licensing Specific links
Florida Mortgage Broker Licensing News
Short-sale firm owner is arrested - Palm Beach Post
Short-sale firm owner is arrested Palm Beach Post Dieuvil was also a licensed mortgage broker until that license expired Dec. 31, 2010, according to state records. Specific charges against him include obtaining property by fraud and acting as a loan originator without a license, according to the Palm ... |
County commissioner let home fall into disrepair - Sun-Sentinel
 Sun-Sentinel | County commissioner let home fall into disrepair Sun-Sentinel A licensed real estate broker, Holness said he should not be looked upon more harshly than other property owners who have struggled to maintain the condition of homes during the recession. "I'm just another person in this community, another human being ... |
President of Palm Beach County foreclosure-rescue company charged with fraud - Palm Beach Post
 Palm Beach Post | President of Palm Beach County foreclosure-rescue company charged with fraud Palm Beach Post Dieuvil was also a licensed mortgage broker until that license expired Dec. 31, 2010, according to state records. Specific charges against him include obtaining property by fraud and acting as a loan originator without a license, according to the Palm ... |
People on the Move - REjournals.com
 REjournals.com | People on the Move REjournals.com A graduate of the University of Wisconsin – Madison where he received his bachelor's degree, Azulay is a licensed real estate salesperson in Illinois, a member of the Chicago Office Leasing Brokers Association as well as a volunteer for the Jewish ... |
Michael Alexander & Stuart Shanefield of WCS Lending Ranked Number 1 & Number ... - MarketWatch (press release)
Michael Alexander & Stuart Shanefield of WCS Lending Ranked Number 1 & Number ... MarketWatch (press release) WCS Lending of Boca Raton, Florida was founded in 2001. We're a multi-investor mortgage banker, licensed in 49 states. We are one of the largest mortgage lenders in Florida, funding over two billion dollars annually. WCS Lending is a full service ... |