Brokering mortgages in Mississippi.

Board Topic: Finding private or commercial lenders
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Finding private or commercial lenders

Posted by: Nick Jun 25 2004, 11:08 AM
I am interested in brokering mortgages but I'm not sure where to start regarding finding lenders. I live in Mississippi. Can someone help??

Nick

Posted by: loanuniverse Jun 25 2004, 08:02 PM
Nick

I think that the first thing that you would need is to get a license. Most states require a license to do this type of work, and I believe Mississipi is one of them. In fact, I did a quick search and found this application.

Banking regulation in MS.

It says that you need a $100 fee and must submit a $25,000 surety bond.


Once you have the license, you should be able to do this work for mortgage bankers and banks. It really is not that hard to get lenders, I know that my own employer takes applications over the internet.

Good luck

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