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

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

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.

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

Notice this post is two years old!

/tricia