twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Mortgage License News | State Agencies | NMLS Registration Statistics
Mortgage lending licenses and news about license issues by state. Mortgage broker licensing, license revocations and legislation.

www.mortgagebranchmanagerjobs.com
FL Mortgage License Apps Being Suspended

No more applications accepted after July 8

June 17, 2010

By MortgageDaily.com staff


New license applications are being suspended for prospective mortgage originators in Florida.

That news came in a statement from Florida Office of Financial Regulation Commissioner Tom Cardwell.

According to the statement, the Office of Financial Regulation will stop accepting applications for certain mortgage license types on July 8. The move is being made because of changes in federal and state laws.

Then, on Oct. 1, Florida will start participating in the Nationwide Mortgage Licensing System. All licensed mortgage brokers, mortgage brokerage firms and lenders will need to re-apply for licensing under the new requirements.

Cardwell warned that, even though the re-application period runs from Oct. 1 through Dec. 31, loan officers must have a license by Oct. 1 to continue originating when the new application process starts. But current licensees can continue working while their licenses are being processed.

Re-applications could exceed 39,000 for mortgage brokers and reach as many as 7,000 for businesses and lenders, the statement said. The state expects that a bottleneck will cause the licensing process to take longer than the normal two-to-four months and possibly take as long as 12 months for poorly prepared applications.

"Although we will continue to process applications filed by July 8, we can't guarantee that applications will get processed before Oct. 1," Cardwell stated. "Applications which are filed immediately, are complete, correct and contain full disclosure have the best chance of being timely processed.

Next year, all licenses must be renewed each year by Dec 31.

More information about Florida licenses is available at www.flofr.com.

next story

back to current headlines


SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders