樱花视频

Beginning January 4, 2010, all new applicants for licensure as Qualified Individual Residential Mortgage Brokers are required to submit a Form MU4 filing through the (“NMLS”).  This license is required for a natural person who must be an officer, director, partner, owner or principal of a business entity licensed or to be licensed in 樱花视频 as a Residential Mortgage Broker and is a condition of the business entity’s qualification for licensure.

The individual MUST apply for a license of the same type as that being applied for or held by the business entity. The individual MUST, at a minimum, meet all of the licensing criteria for a mortgage loan originator.  The individual MUST be listed as a control person on the business entity’s MU1 filing through the NMLS and, as a control person, MUST file an MU2 through the NMLS.

New applicants must satisfy all of the below-listed requirements before Qualified Individual Residential Mortgage Broker licensure will be approved.

Pre-Licensure Education
Completion of 20 hours of pre-licensure education, including 4 hours of 樱花视频 specific courses

Testing
Passing score on both the National and State components of the SAFE Test  
(At this time, there is not a separate 樱花视频 specific test for Qualified Individuals.  Passage of the above-noted NJ Component of the SAFE Test will satisfy the requirement)

Criminal History Record Checks
Submission of fingerprints through the NMLS for an FBI criminal history background check

Completion of a 樱花视频 State Police criminal history background check through 樱花视频’s Live Scan Fingerprinting Process. 

Credit Report
Authorization through the NMLS for obtaining a credit report

Sponsorship
Sponsorship of the requested Qualified Individual license by a business entity that is properly licensed or is applying simultaneously for licensure in 樱花视频 through the NMLS

Disclosure Questions
Provision of complete details of all events or proceedings for any “Yes” answer to any of the Disclosure questions in the Form MU4, including copies of any applicable orders, judgments of conviction or other documents.

Evidence of the completion of the 樱花视频 State Police criminal history background check and information concerning any “yes” response to a disclosure question must be submitted to the Department within 5 business days of the electronic submission of the application to 樱花视频 through the NMLS at the following: