The Room 208 Blog

The first step you will need to do is make sure that you are dealing with a licensed mortgage officer. In 2010, both mortgage bankers and home loan brokers have to be licensed. Each loan originator must have a license number that is part of the National Mortgage Licensing System (NMLS). Each beverly hills mortgage loan consultant must display their NMLS number on any form of marketing materials, website, and any other advertisements. You should always ask a loan consultant if they have a NMLS number. Finally, loan officers can only do loans in states they have a license in. For example, if I have a mortgage license in Texas, then I can only originate Texas home loans.