Mortgage agents have always been one of the most dynamic professionals in the industry They make as much as $90,000 on an yearly basis and this is because they have to put in a lot of effort to acquire a mortgage agent license to work as a mortgage agent. Every state offers a different license to its brokers as there are different policies set up by different states.
If you are applying for a license you would have to submit your financial statements of the last three months and the financial reports of the previous two fiscal years. However, start-ups are exempted from the latter documents. As a company, you would also have to provide the financial reports of the individuals who have more than 25 % share in the company.
As a company, you should make sure that you do not just put anybody’s name on the form. Make sure that you have employees with a solid financial background who are willing to take up the job. Of course the employee would need to provide all his personal details when applying. Add to this a set of fingerprint cards and you have everything ready in order to apply.
Mortgage brokers have always helped people get the right kind of loans they need. In the current era where the financial situations are not doing well, there is a lot of talk about mortgage brokers being strict when it comes to giving out loans. However if you have a good credit score, you do not have much to worry about.
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