Are You State Law Compliant?
Ensure your mortgage company meets all state licensing requirements across every jurisdiction.
Key Questions
What You Need to Know
What?
To be compliant with the state laws, your Company MUST hold Mortgage Licenses or Exemptions.
Who?
Every new Company entering the Mortgage Industry.
Why?
Company violations of state and federal laws cause Penalties, Fines, Cease and Desist Orders.
Where?
All 50 states and DC.
When?
Before your Company can start business and generating Revenue.
How?
Herb Thomas will design and conduct your State Licensing Project through the NMLS.
Our Process
What is a Compliance Project?
Assure your mortgage company is compliant with state licensing laws.
Review company mortgage lending activities
Research applicable state licensing statutes
Make formal written requests to state licensing agencies
Conduct status inquiries and encourage state replies
Analyze responses and recommend licensing decisions
Address liability limitations of state confirmations
Prepare NMLS filings and monitor applications if pursuing licenses
Get Your Company Compliant
Take the first step toward full state law compliance with expert guidance from Herb Thomas.