Thursday, December 17, 2009

New York State Banking License Does One Need A License To Be A Commercial Mortgage Broker?

Does one need a license to be a commercial mortgage broker? - new york state banking license

I am very confused in the last few years, I have many brokers, lenders, lawyers and friends who know or have met has been said that man does not need a license for a mortgage brokerage company in New York State, but you need a license to Residential Mortgage Broker. He said even the New York State Banking Department and Secretary of State Department and was told that this is true. However, I have just read that everyone has something on the Internet requires a license to a mortgage brokerage business. So, what is it? I am very confused.

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