11
Jun

Florida Mortgage Brokers License

In order to obtain a Mortgage Brokers License in the State of Florida, the Florida Department of Banking and Finance, Division of Finance, located in Tallahassee, Florida, will oversee all aspects of the mortagage licensing laws.  They have all current information regarding the Florida Mortgage Law on their website, and the latest news regarding requirements for licensure.  […]

30
Jun

Licensing Rules for Florida Mortgage Brokers to Get Tougher in July

TALLAHASSEE, Fla. – The Miami Herald reports on June 25, 2010, that after years of lax licensing requirements, all mortgage brokers in Florida – including those who may have just submitted an application – will have to reapply under more probing criteria later this year. No new applications under the current mortgage broker rules will […]

15
Jun

Florida’s Office of Financial Regulation’s BROWARD COUNTY INVESTIGATION UNCOVERS $2 MILLION MORTGAGE FRAUD SCHEME

It was announced by the Florida Office of Financial Regulation’s (OFR) Bureau of Financial Investigations uncovered a mortgage fraud scheme of more than $2 million. The alleged crimes were perpetrated by three straw buyers, Susana Marrero, Keith Walker, and Pricila Mercado; one Florida licensed attorney, Roland Cherasard; and a title agent, Leona Womack.  All five […]

15
Jun

BROWARD TITLE LAWYER CHARGED IN MORTGAGE SCHEME

Florida’s Office of Financial Regualtion announced that attorney Peter N. Price, 49, of Hollywood, pled guilty to a criminal information charging him with making false statements to HUD, in violation of Title 18, United States Code, Section 1001. In addition, Price agreed to make restitution to Stewart Title Guaranty, the victim of his fraud, in the […]

10
Jun

FLORIDA OFFICE OF FINANCIAL REGULATION SHUTS DOWN MORTGAGE INDUSTRY LICENSING APPLICATION SYSTEM ON JULY 8, 2010

TALLAHASSEE, Fla. –It was announced on June 9, 2010 that on July 8, 2010, the Florida Office of Financial Regulation (OFR) will stop accepting applications for mortgage broker, mortgage brokerage business, mortgage lender and correspondent mortgage lender licenses, so that current applications can be processed before October 1. Beginning October 1, 2010, the State of Florida […]

30
Mar

Mortgage Broker’s License in Florida

The Florida Department of Banking and Finance,located in Tallahassee, Florida, handles all aspects of the mortgage license in Florida. They provide detailed information. The complete Florida Mortgage Law can be read at: http://www.flofr.com/licensing/ To have a Mortgage Broker career in Florida you must be at least 18 years of age and pass a written examination that reflects […]