Licensing

Lender License, Inc. is a financial services specialty firm that provides solutions on a state or national basis for the following licenses;  

Lender License, Inc. will perform all functions related to your licensing project including;  

• Entity formation and qualification

• Registration of foreign certificates and letters of good standing

• Surety bond obtainment

• Preparation, review, and filing of license applications

• Representation and correspondence with licensing authorities

Broker to Banker Conversions

Our “Mentoring Program” provides the necessary support to facilitate your conversion from mortgage broker to mortgage banker. 

Lender License, Inc. will lead the way and direct you in successfully obtaining mortgage warehouse line(s) of credit, developing internal warehousing policy, procedure and administrator training, establishing mortgage banking investor relationships, updating licenses that may be required, hiring and training mortgage underwriters, closers and post closers, and training the principals of the corporation in the management of the mortgage banking operation.

Mortgage bankers earn more income by taking advantage of marketing enhancements that are not available to mortgage brokers.  These marketing enhancements increase front-end fee income, increase back-end premiums, and allow a wider range of delivery options to the end investor.

A mortgage broker is charged fees by the investors that purchase its residential loan originations.  These fees vary by investor and examples of these fees include document preparation, underwriting, processing, and other closing fees, etc.  These fees can range from $800.00 to $1,400.00 dollars depending on the investor that is used.  A mortgage broker gains no income or value from the investor fees as described above.  

When operating as a mortgage banker; the investor fees described above to not apply.  A mortgage banker can now charge these or other similarly named fees for its own benefit.  This marketing enhancement results in an $800.00 to $1,400.00 incremental gain in income per closed loan to mortgage banker.    

Acting as a mortgage broker the opportunity to earn premiums from investors is typically limited to two percent (2%) of the contract loan amount.  There are marketing enhancements available to the mortgage banker that increase the premiums paid from its investors to more than four percent (4%).  Examples of theses marketing enhancements are, (1) premium pricing incentives that investors pay for prepayment penalties and maximizing the “teaser rate” on adjustable rate mortgage products and, (2) the delivery methods used to the end investor described as flow, mini-bulk and bulk delivery.  The delivery method chosen is correlated to the mortgage banker’s cash flow, appetite for risk, experience in warehouse line management, and the terms and conditions and size of the warehouse line

Call Lender License Today at (800) 948-0970 or click here to send us a quick message