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National Mortgage Licensing
As a licensed mortgage broker in the State of Florida, I have seen the business evolve through the recent recession, and I'm not sure if the outcome is what many consumers have been hoping for. The Sarasota real estate market has also evolved and now with prices at very attractive levels combined with still low rates provides for a great opportunity for people buying homes in Sarasota.
It has been a while since I last wrote a blog here on ActiveRain.  A lot has been going on which has kept me from being as active here in the Rain as I have been in the past. The Tax Credit has kept me very busy especially since a major part of my business comes from First Time Homebuyer.  But the other thing that has been taking up a significant part of my time is the National Mortgage Licensing that all Loan Officers, except for Bank and Credit Union Loan Officers, are now required to go through, and be licensed Nationally as well as in the States that they do business in.
The National Mortgage Licensing Systems (NMLS) requires each Loan Officer to go through 20 hours of class, plus take a 100 question ... more

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