Mortgage Officers are you ready for 2010?

By
Mortgage and Lending with Home Funding Corporation

Happy first Monday of the New Year.

Out with the old and in with the new. Not only am I referring to the year but I am also referring to our new state license requirments.

Within the first 30 days we must report to the Dre and make the necessary arrangements.

 This applies to those of us who ingage in Residential and Comercial activities. In order to complete the registration visit www.dre.ca.gov and obtain the form RE 866 Mortgage Loan activity Notification.

Also for those of us who originate Residential Mortgage Loans an ENDORSMENT IS REQUIRED on our real estate license.

Failure to submit the endorsement may result in penalties. $50 per day for the first 30 days and $100 thereafter.. a maximum of $10,000..

Click here to start the process Form RE 866- Mortgage Loan Activity Notification

Good luck,

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Comments (3)

Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Raymundo: welcome to 2010! I wish you well. We too have been beset by new laws, changes but personally I was ready to go at the end of 2009! Take care.

Jan 04, 2010 08:41 AM
Ray Villanueva
Home Funding Corporation - Walnut Creek, CA

Mr. McFadden,

I am glad too hear that we are ahead of schedule. It's comforting to know that we are on top of up and coming changes. With professionals like ourselves and our colleagues there is hope for our industry.

 

Best wishes in 2010,

 

 

 

Jan 04, 2010 09:27 AM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Thanks for your kind thoughts. I appreciate them very much! Take care.

Jan 05, 2010 05:28 AM