Arizona gets Mortgage Broker License Legislation

Good news for Arizona Mortgage Customers…now the loan officer that you speak with regarding your mortgage loan will be required to be a licensed professional. 

It was the mortgage broker industry, not the banks or mortgage bankers that fought the good fight for this important piece of consumer legislation.

However this legislation only seems to apply to Mortgage Brokerage Houses, not FDIC insured or federally chartered institutions.  This is the only article of value I could find on the Mortgage License Legislation, as the legislation was just signed into law yesterday.

You should know that I work with several trusted professionals in the mortgage industry and that you should call me if you are considering refinancing or moving.  I’ll make sure you get a great loan officer.

Your REALTOR (R)
Rob

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