Cornerstone Licensing

Mortgage licensing decisions start with the activity, the property, and the state statute. In this clip from our mortgage licensing webinar, Kyle Von Allmen explains why licensing is not a one-to-one process from state to state. Lending, brokering, servicing, loan modification activity, and property location can all change the licensing requirement.

Watch the full webinar for more on multi-state mortgage licensing, renewals, reporting, and common pitfalls, linked in the comments below.

A missed licensing update can turn into a business interruption quickly. In this clip from Cornerstone's mortgage licensing webinar, Suzanne Weaver and Kyle Von Allmen walk through how regulators may respond when corporate changes are not reported on time. That can mean monetary fines, an inactive license, and an immediate stop to business activity in that state.

They also cover a point that gets overlooked all the time, what feels like a minor ownership or personnel change internally may still trigger a filing requirement. A 5% ownership change, a shift in officers, or an unexpected leave involving a key individual can all create licensing issues if no one is watching the deadlines and notification rules.

Watch the full webinar for more on multi-state mortgage licensing, renewals, reporting, and common pitfalls, linked in the comments below.