How long is it taking to process a new Mortgage Loan Originator application?
The average time to complete the processing of an application is between 30 and 60 days and is dependant upon how quickly we receive all required items from you. 15. The Mortgage Loan Originator application requires the submission of an affidavit concerning past mortgage origination activity. Where the applicant was not licensed or exempt from licensing as a Mortgage Loan Originator when originating Maryland mortgage loans, the affidavit requires a list of all Maryland mortgage loans originated by the applicant in the past twelve months, including the total number of loans, name and address of the company for which the loan was originated, the name and address of each borrower, the date each loan was originated, and the date each loan closed. That could be a very long list. If I was not licensed or exempt from licensing when I originated Maryland mortgage loans in the last twelve months, may I provide an explanatory paragraph rather than the requested list of information? No. If you or
