Category Archives: Loan Mod Compliance

Licensing laws, compliance and rules you need to know about running a loan modification business

Georgia Loan Modifications – you do need a license to do loan mods in Georgia

Typically you need some kind of license in most states these days to do loan modifications. In Georgia you will need a license issued under the Residential Mortgage Act Continue reading

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Loan Mods- Attorney Exemptions

If you are working in an attorney backed model in your loan modification business it is important that the attorney be licensed in the state where the borrower’s property is located. Attorneys are not exempt from loan mod rules in … Continue reading

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Loan Mod Licensing Requirement – Maryland

In Maryland, persons engaging in loan modification business services need to obtain a license to be in such business. Also, such businesses need to also be aware of the Protection of Homeowners in Foreclosure Act (PHIFA). The license that is … Continue reading

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Loan Mod Compliance – The Basics You Need to know

If you are doing loan modifications in multiple states, you need to be aware of a few important rules. First, you may be required to get a license. In some cases, this will be a mortgage broker or lenders license.  … Continue reading

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