Results 1 to 3 of 3

Thread: unlicensed Loan officer California

  1. #1
    Junior Member
    Join Date
    Sep 2006
    Thousand Oaks, CA

    Default unlicensed Loan officer California

    Who do I specifically contact if a loan officer in CA is operating without a license. I believe it's fraud and this person has given bad advice to some of our clients.

  2. #2
    Join Date
    Sep 2006


    California loan officers and Mortgage Broker's must be licensed through the California Dept of Real Estate or The Calif. Dept. of Corporations. If you're having issues, you might want to post it on the General Real Estate section of the Appraiser's Forum at They have a lot of experience with Mortgage Broker problems as well as mortgage fraud.

  3. #3
    Junior Member
    Join Date
    Mar 2007


    It is perfectly legal and not fraudulent to originate loans as an unlicensed loan officer as long as the loan officer is employed by a company that is regulated under the California Department of Corporations.

Similar Threads

  1. NY Loan Officer License
    By Guest in forum Debt and Loans
    Replies: 0
    Last Post: 10-26-2005, 10:20 AM
  2. NYT: Seeking Quick Loans, Soldiers Race Into High-Interest Traps
    By sufaud in forum Mortgage and Foreclosure
    Replies: 0
    Last Post: 12-07-2004, 09:35 PM
  3. Loan officer commission after termination
    By mortgageit1 in forum Wage & Hour Laws - Minimum Wage Laws
    Replies: 3
    Last Post: 10-29-2004, 07:58 PM
  4. Replies: 5
    Last Post: 12-14-2003, 06:16 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts