Mortgage Broker with no license

[ocman]

What is the name of your state? California

I found out that a mortgage broker is currently operating their business without a license, who can I report this person to?

thanks

[JETX]

If you are using the services of a mortgage broker, contact the Department of Corporations (DOC) at [url]www.corp.ca.gov[/url] or 1-866-275-2677 and/or the Department of Real Estate (DRE) at [url]www.dre.ca.gov[/url] or (916) 227- 0770 to make sure the mortgage broker is properly licensed.

Some companies may be licensed by both the DOC and DRE. Ask which license is being used to conduct your loan transaction. Also, California law requires advertising to contain a disclosure of the license under which your loan will be made or arranged. You may also wish to check with the Better Business Bureau at [url]www.bbb.org[/url] to see if the company is a member and if any complaints have been filed against the company.

[Grandma's house]

He may not need a license if operating as a chartered bank as a net branch. He may not be operating as a broker at all.

[fairisfair]

Originally Posted by ocman

What is the name of your state? California

I found out that a mortgage broker is currently operating their business without a license, who can I report this person to?

thanks

looks like somebody done p1$$ed you off huh???

[url]http://forum.freeadvice.com/showthread.php?t=388874[/url]

How about you just tell us the REAL story??????