February 18th, 2010 10:33 AM by Diego Quintero
It is comforting to know that your mortgage professional, the person privy to your most private financial information, meets all of these requirements. The next time that you apply for a loan - ask your loan officer, “Are you a licensed Mortgage Loan Originator?”You may find that when you apply with the large institutions, your loan officer may not be licensed. The law does not mandate loan officer licensing for those who work for banks under a Federal Charter. Use your best judgment on who to trust. For more information on the SAFE act visit, http://www.hud.gov/offices/hsg/ramh/safe/smlicact.cfmYour mortgage professional,Diego L. QuinteroNMLS Unique Identifier 15426Connecticut License- LO-15426Arizona License-LO-0922845