| Company Licenses
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Description
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Requirements Checklist
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| Mortgage Broker License |
This license is required of any individual, firm, corporation, business trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity or group, of individuals however organized who, for compensation or gain or in the expectation of compensation or gain either directly or indirectly accepts or offers to accept an application for a mortgage loan, solicits or offers to solicit a mortgage loan on behalf of a borrower, or negotiates or offers to negotiate the terms and conditions of a mortgage loan on behalf of a lender. (More Details) |
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| Mortgage Lender License |
This license is required of any individual, firm, corporation, business trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity or group, of individuals however organized who, makes a mortgage loan to any person or engages in the business of servicing mortgage loans for others or collecting or otherwise receiving mortgage loan payments directly from borrowers for distribution to any other person. (More Details) |
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| Branch Licenses
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Description
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Requirements Checklist
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| Mortgage Broker Branch Registration |
This registration is required for all branch offices other than the main office identified on the Mortgage Broker License whether or not located in the U.S. Virgin Islands if the licensee receives any application for a loan or allow any note or contract for a loan or mortgage, or evidence of indebtedness to be signed or executed at such a place. (More Details) |
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| Mortgage Lender Branch Registration |
This registration is required for all offices other than the main office identified on the Mortgage Lenders License whether or not located in the U.S. Virgin Islands which conducts business with a Virgin Islands’ consumer (More Details) |
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| Individual Licenses
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Description
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Requirements Checklist
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| Mortgage Loan Originator License |
This license is required of any individual who for compensation or gain or the expectation of compensation or gain takes a residential mortgage loan application; or offers or negotiates terms of a residential mortgage loan or assists a consumer in obtaining or applying to obtain a residential mortgage loan by, among other things, advising on loan terms, including rates, fees, other cost, preparing loan packages or collection information on behalf of the consumer with regard to a residential mortgage loan. (More Details) |
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