People Denied A Mortgage Broker or Loan Originator License in WA

dave_donhoffSeptember 24, 2007

People Denied A Mortgage Broker or Loan Originator License in Washington

http://www.fraudproblem.com/criminals-as-brokers/

O.... M...... G......

I can't EXPRESS how relieving this feels to see this happening...

It's like working so hard to build a clean & legitimate castle on a pitch of dirt surrounded by a retched sewage swamp... and FINALLY the damn is busted open and the filth is being flushed away!!!

WA is the 1st state to do this... but with the obvious discoveries and disclosure, I expect a rapid sweep of acceptance throughout the country.

This is just SO wonderful........ ahhhhhhhhhhhhhhhhhhh....

Dave Donhoff

Strategic Equity & Mortgage Planner

Here is a link that might be useful: People Denied A Mortgage Broker or Loan Originator License in Washington

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triciae

I understand where you're coming from, Dave. Stock brokers, financial planners, & accountants have to be licensed & since mortgage brokers are not regulated, maybe, it's come to where licensing is necessary. Sad commentary though.

FYI, at DH's financial institution, ALL employees must past a crimminal background check, a credit check, & pass a profile test to make sure they are not prone to theft nor pathological liars. And, of course, the regulators play an important role also.

In any event, I'm glad that those with crimminal backgrounds are not providing financial advice in WA.

/tricia

    Bookmark   September 24, 2007 at 5:20PM
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dcwolbarst_gmail_com

hopefully they will continue to tighten the standards
this site has a list of every state and what requirements they have for both broker and LO licensing

http://www.bankapedia.com/mortgage-encyclopedia/state-licensing

    Bookmark   March 12, 2009 at 3:22AM
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logic

About time!

Now..if they could just manage to stop looking the other way, and also increase regulation over the financial sector, maybe, just maybe some level of confidence may start to return to those who would like to invest....but won't because they don't trust them as far as they can throw them.

    Bookmark   March 12, 2009 at 12:18PM
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mariend

Thanks Dave--it is amazing how many repeats from some companies lists so many names. Maybe the companies should be investigated also.

    Bookmark   March 12, 2009 at 2:36PM
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triciae

Notice this post is two years old!

/tricia

    Bookmark   March 12, 2009 at 4:18PM
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