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"I was referred to Greenlight by another mortgage company. I obtained my CFL license and Greenlight Compliance did it quick, the price was fair and my application did not even get any conditions. I received my license and I am very satisfied with the work they did. Thank You.”

-RR.
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Mortgage Solutions  

Physical In-State Office Requirements

Certain states require out-of-state mortgage brokers and mortgage lenders to maintain a physical location within their state. Greenlight Compliance & Licensing provides assistance in fulfilling this statutory requirement. We maintain a database of office locations and work regularly with property managers who understand the needs of out-of-state mortgage companies.



Responsible Individuals and Principal Representatives

In order to obtain a Florida mortgage license or an Arizona mortgage license, it is a requirement to have a key in-state employee. Florida refers to this individual as a “Principal Representative” or a “Mortgage Broker”. Arizona uses the term, “Responsible Individual.” Whether you desire to have us assist your own person become a Responsible Individual/Principal Representative or use one of the already qualified persons we maintain relationships with, we have solutions available for you to fulfill these requirements.



Determining What States are Best for You

Many factors determine what states are best for you to obtain a mortgage license in. Whether you intend to become a national or regional mortgage company or select among a predetermined set of states you will need to make a comprehensive analysis of what states best suit your goals. Do you want to make mortgage loans in those states that have the lowest annual fees and requirements? Or do you want to enter into additional markets fast and want to apply in states with the quickest mortgage application processing times? Or do you want to be in the states with the hottest real estate mortgage markets? Or some combination of the above? Whatever your decision, it will involve a comprehensive analysis and implementation strategy. Let us share our expertise with you. When you become our client, you don't just receive fast mortgage application assistance, you receive a strategy for implementing your larger goal, making more mortgage loans.



Do you have credit issues or a criminal incident?


Each state mortgage licensing authority weighs each of these items differently. Bad credit or a past bankruptcy is not necessarily an immediate denial for all state mortgage authorities. Certain criminal incidents are not a barrier to obtaining a mortgage license either. We have successfully assisted clients with these types of issues and helped them to properly obtain their mortgage licenses with full and truthful disclosure.

How recent the incident occurred and the nature of the incident factor into many of the state mortgage license authorities' decision on whether to issue a mortgage license. If you do have these concerns, no guarantee can be made regarding the outcome, but this should not necessarily be a barrier to you.



Please contact us at (877) 425-4258 to obtain further information.




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