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broker wasn't liscensed

This is a topic titled broker wasn't liscensed made in the Home Mortgage section, belongs to our Mortgage Chat category; what does it mean to me if my mortgage broker wasn't liscensed? i found on the state of MN website. says "alleged respondent knowingly facilitated unlicensed mortgage originator ...








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Old August 26th, 2008, 05:53 PM   #1
Joel Fraser
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Registered: May 2008
Posts: 907
Default broker wasn't liscensed

what does it mean to me if my mortgage broker wasn't liscensed? i found on the state of MN website. says "alleged respondent knowingly facilitated unlicensed mortgage originator activity by using independent contractors, hence failed to comply with affirmations made under oath"i ask since they gave me a loan i could not afford before it adjusted and the fact they paid coldwell banker realitor a commission when i never had a realitor???? coldwell must have been the 3rd party, should i file a complaint with the state? i want to get out of this horrible mortgage, or get it fixed. :mad:
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