let's discuss a mortgage solicitor
acting as a mortgage broker. i see both a
mortgage broker and a mortgage banker can
act as a mortgage solicitor in nj, but i
don't see in the nj licensed lenders act
quoted below that would allow for a mortgage
solicitor to act as a mortgage broker!
lma(zz)o a poser is a person who habitually
pretends to be something he is not!
ooops say it aint so,
"living out of lying",
leading a second life in cyberspace
while articles
By CHRISTOPHER CAREY,
By RODDY BOYD,
By: Gary Weiss, with Aaron Bernstein,
Michael Arndt, Emily Thornton, Mara Der
Hovanesian, and Heather Timmons etc
go uncorrected about a certain prolific
internet poster being a mortgage broker who
isn't even registered as one in nj but is
licensed as a mortgage solicitor working
for a subsidiary of citigroup!
hmmm ... might there have been an elaborate
"credential" masquerade played out via the
media over a span of several years?
a poke at registration records is rather
revealing! a few clicks can yield surprises
about companies, brokers and solicitors.
might roddy, gary, christopher or some other
reporter explain why a certain someone who
has been portrayed in their articles as a
mortgage broker doesn't appear to be
registered as one in nj, but is registered
as a mortgage solicitor there? granted
"mortgage broker" does have a more
impressive ring to it than "mortgage solicitor",
but does it ring true for robby, gary
and christopher to take to print? are
there any reporters up to the task of
printing corrections about what seems
to have been in my opinion a scam, a
masquerade of deception. readers haven't
been intentionally misinformed with a
misrepresentation of the truth by several
reporters, have they? do those reporters
not know or care that there is a
difference between a mortgage broker
and a mortgage solicitor? any word from
the fake mortgage broker who spent countless
hours going on and on about fake phd diplomas?
6 NJ "New Jersey Licensed Lenders Act."Title
17: 17:11C-3 License required for mortgage
NO FPC, S
pdf 2/7
banker, broker, secondary mortgage, consumer
loan business 3. a. No person shall act as a
mortgage banker or mortgage broker, engage
in the secondary mortgage loan business or
engage in the consumer loan business without
first obtaining a license under this act,
except that a person licensed as a mortgage
banker may act as a mortgage broker or
mortgage solicitor, and a person licensed as
a mortgage broker may act as a mortgage
solicitor. c. No person shall act as a
solicitor without first being registered
with the department. 17:11C-2 Definitions
regarding licensed lenders. 2. As used in
this act:"Solicitor" means any person not
licensed as a mortgage banker, correspondent
mortgage banker or mortgage broker who is
employed as a solicitor by one, and not more
than one, licensee, who is subject to the
direct supervision and control of that
licensee, and who solicits, provides or
accepts first mortgage loan applications, or
assists borrowers in completing first
mortgage loan applications, and whose
compensation is in any way based on the
dollar amount or volume of first mortgage
loan applications, first mortgage loan
closings or other first mortgage loan
activity. "Mortgage broker" means any
person, not exempt under section 4 of this
act and licensed pursuant to the provisions
of this act, and any person who should be
licensed pursuant to the provisions of this
act, who for compensation or gain, or in the
expectation of compensation or gain, either
directly or indirectly negotiates, places or
sells for others, or offers to negotiate,
place or sell for others, first mortgage
loans in the primary market. EXAM OR
COURSE
pdf 3/7
thomas-law.com |
