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The current regulations regarding Mortgage Brokers in Florida became effective in July 1992. To have a Mortgage Broker career in Florida one must be at least 18 years of age and pass a written The Florida Association of Mortgage Brokers, an affiliate of the National Association of Mortgage.
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You should complete the Mortgage Brokerage Deposit Account Form, as well as keep a Transaction and Lending Journal and a Noninstitutional Investor Funds Account if applicable. Do you have further questions about the licensing process for Florida mortgage brokers and branches? Don’t hesitate to.
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Mortgage broker vs. mortgage banker: Who offers the best mortgage rates? When you’re shopping for a home loan, you have two main sources of money – the mortgage broker If your applications involve challenges, a good broker can help. A good broker has access to many lenders, not just one.
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