http://nationalmortgageprofessional.com/news22337/florida-office-financial-regulation-raises-concern-over-licensing-expiration?utm_source=MadMimi&utm_medium=email&utm_content=NMP+Daily%3A+Homeowners+Say+Bu-Bye+to+%241_7T+%7C+30K+MLOs+Gone+in+FL+%7C+Americans+Have+Less+Faith+in+Lenders+and+More+___&utm_campaign=NMP+Daily%3A+Homeowners+Say+Bu-Bye+to+%241_7T+%7C+30K+MLOs+Gone+in+FL+%7C+Americans+Have+Less+Faith+in+Lenders+and+More+___&utm_term=Read+more
Ok so what do you figure the problem is here?
Lack of inventory or the credit check?
I love that veiled threat that the OFR threw out there. There is roughly 3 weeks left to renew, but if you don't get it in before the first, it will take up to 3 months lol.
With less than a month left and just over 10,000 of the almost 43,000 mortgage industry professionals having submitted their new applications, the Florida Office of Financial Regulation (OFR) is concerned that mortgage professionals will not get their applications in on time and will not be able to continue working in the industry come Jan. 1, 2011. All industry licensees are required to re-apply under the new Nationwide Mortgage Licensing System (NMLS) with more stringent requirements.
