From IndigoMortgage.net

Monday, August 27, 2012

The Importance of a Licensed Broker




If we can think of one thing that is more stressful than the complicated process of buying a house itself, we have got to say that it would have to be working with unknowledgeable, unprofessional broker. Now you might be thinking, Indigo Mortgage has a license, doesn’t everyone need one?

Technically no, not every single legal lender is required to have a license; under some circumstances, these companies can get away with just being registered. However, even a licensed, registered and so-called legitimate company can be completely unprofessional.

Today, we are going to talk about just that and the importance of working with a highly professional company such as ourselves.

Registered Brokers and Licensed Brokers
All legitimate lenders must be registered with the Nationwide Mortgaging Licensing System or NMLS for short. While some companies can get away with just being registered, most like us must undergo a stringent education program with testing and continued education every year.

Completion of this required learning keeps us licensed and better able to serve you. While most brokers are required to be licensed and registered, some get away with just being registered. Here are the exclusions and the reasons they fall short.

The loan officers employed by federally banks and even credit unions do not have to undergo the required classes; legally, all they must do is register with the NMLS. We are not looking to demean these institutions, but, at Indigo Mortgage, we believe that the training is there for a reason.

Not only does it ensure the laws and procedures of issuing loans to borrowers are followed, but it is also more professional to be properly trained. This is why all of our loan officers are required to go through the schooling and testing and then continue their education every year in order to be employed with us.

The Bottom Line
At Indigo Mortgage, all of our employees have undergone the specific and required training for their field in the industry. We believe that it is the most effective way to deliver results and be viewed as a professional company in a very competitive industry.

To our readers, customers, and family, we care and don’t want to hear more stories about people going with an uninformed, under professional company that only cares for profit and treats their customers like numbers and not family. With Indigo Mortgage, you are not just another client -- you are a friend.

 

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