The Florida Office of Financial Regulation (OFR) is shutting down the Mortgage Broker Licensing system on July 8, 2010.

The state of Florida is making the transition to become SAFE ACT compliant. If you don’t know what this means, check out my blog post from a few weeks ago – http://fortmyersrealestateschool.blogspot.com/2010/05/safe-act-forces-florida-mortgage.html

This was just released by the Florida Association of Mortgage Professionals (FAMP):

TALLAHASSEE, Fla. (June 9, 2010) – On July 8, 2010, the Florida Office of Financial Regulation (OFR) will stop accepting applications for mortgage broker, mortgage brokerage business, mortgage lender and correspondent mortgage lender licenses, so that current applications can be processed before October 1. Beginning October 1, 2010, Florida will begin participation in the Nationwide Mortgage Licensing System, and all existing loan originators, brokers and lenders and mortgage business owners will be required to reapply for licensure. December 31, 2010, is the last day to apply for licensure.

“We encourage applicants to apply now so that they have a better chance of being approved before October 1. If unlicensed by this date, individuals will not be able to work in the industry until the new application is approved,” said Tom Cardwell, Commissioner of the Florida Office of Financial Regulation. “Applicants should submit information that is complete, correct and containing full-disclosure to minimize delays to processing their application.”

WHO SHOULD BE APPLYING RIGHT NOW?

If you are:

• Unlicensed Loan Originator currently employed by a state-licensed Correspondent Lender or Mortgage Lender
• In-House Processor
• In-House Underwriter
• Contract Processor
• Account Executive employed by a state-licensed Correspondent Lender or Mortgage Lender

HOW TO APPLY

If you would like to know the steps to licensure, check out our HOW TO OBTAIN A LICENSE page on our website.

LAST CHANCE CLASS

Larson Educational Services, a Florida Mortgage Broker School (License #MBS100000005) and NMLS Approved Course Provider (Provider ID: 1400171), is holding it’s very LAST 24 Hour Mortgage Broker License Course July 22-24.

Course Details

Dates:
Thursday, July 22 – Saturday, July 24

Time:
8:00am – 6:00pm
Note – Saturday’s time is 8:00am – 12:00pm

Location:
Larson Educational Services
Horseshoe Park of Commerc
3073 Horseshoe Dr. S., Suite 114
Naples, FL 34104 – VIEW A MAP

Tuition:
$249 and includes course materials

Registration:
By phone – (239) 344-7510
Online – http://www.larsoned.com/mortgagebroker/licensing/courses/
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