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Loan Modification
: Mortgage Lender Implode-o-MeterUtah mortgage workers face deadline
By Implode-Explode Heavy Industries
"Close to 7,200 mortgage brokers, originators and companies, 72 percent of Utah's total, could find themselves unable to work if they don't meet a May 31 deadline to transition their mortgage license onto a new federal database.
It's kind of tricky, because their state licenses don't expire May 31.
But, Deanna Sabey, director of the Utah Division of Real Estate, said if they fail to meet the May 31 deadline they will be in a world of hurt come the end of the year."
Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2010 (boomark / email).
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