NH Mortgage Banker Branch License New Application Checklist (Branch)

Transcription

1 NH Mrtgage Banker Branch License New Applicatin Checklist (Branch) CHECKLIST SECTIONS General Infrmatin License Fees Requirements Cmpleted in Requirements/Dcuments Upladed in Requirements Submitted Outside f GENERAL INFORMATION Wh is required t have this license? Any lcatin lcated in New Hampshire r utside f the state, where New Hampshire lans are riginated, brkered, funding mrtgage lans r services mrtgage lans, and that is identified by any means t the public. Branch ffice des nt include the principal ffice lcatin. This license shuld nly be applied fr by a cmpany that als hlds r is applying fr Mrtgage Banker license. NH RSA 397-A Activities Authrized Under This License This license authrizes the fllwing activities First mrtgage brkering Secnd mrtgage brkering First mrtgage lending Secnd mrtgage lending First mrtgage servicing Third party first mrtgage servicing Subrdinate lien mrtgage servicing Third party subrdinate lien mrtgage servicing Master servicing Mrtgage lan purchasing Shrt sale Hme equity lending/lines f credit Reverse mrtgage brkering Reverse mrtgage lending Reverse mrtgage servicing High cst hme lans Third party mrtgage lan prcessing Third party mrtgage lan underwriting Manufactured husing financing Lead generatin Mrtgage lan mdificatins Other - mrtgage Updated: 8/28/2017 Page 1 f 5

2 Pre-Requisites fr License Applicatins Cmpany will need t be licensed befre a branch license can be apprved Branch Manager will need t meet the requirement f a licensed NH lan riginatr NH Banking Department issue paper licenses fr this license type. Dcument Uplads Dcuments that must be upladed t the Dcument Uplads sectin f the Branch Frm (MU3) in are indicated in the checklist belw. When uplading dcuments: Fllw the guidance in Dcument Uplad Descriptins and Examples. Only uplad dcuments relevant t the cmpany applicatin. Only uplad dcuments where there is a selectable dcument categry. If inapprpriate dcuments are upladed that shuld nt be, yu will be cntacted by yur regulatr and asked t remve them frm. D nt uplad the same cmpany dcuments multiple times. Generally, unless the dcument is state-specific, if the dcument has already been upladed fr anther state, a new uplad is nt required unless changes have been made. If a dcument previusly upladed has been revised, delete the ld dcument and replace it with the new dcument (histry f the ld dcument will remain in ). Fr state-specific dcuments (e.g., Surety Bnds), be sure t indicate the applicable state. Helpful Resurces Branch Frm (MU3) Filing Quick Guide Dcument Uplad Descriptins and Examples Payment Optins Quick Guide License Status Definitins Quick Guide Agency Cntact Infrmatin Cntact New Hampshire Banking Department Licensing staff by phne at (603) r send yur questins via t licensing@banking.nh.gv fr additinal assistance. Fr U.S. Pstal Service: New Hampshire Banking Department Cnsumer Credit Divisin 53 Reginal Drive Suite 200 Cncrd NH Fr Overnight Delivery: New Hampshire Banking Department Cnsumer Credit Divisin 53 Reginal Drive Suite 200 Cncrd NH THE APPLICANT/LICENSEE IS FULLY RESPONSIBLE FOR ALL OF THE REQUIREMENTS OF THE LICENSE FOR WHICH THEY ARE APPLYING. THE AGENCY SPECIFIC REQUIREMENTS CONTAINED HEREIN ARE FOR GUIDANCE ONLY TO FACILITATE APPLICATION THROUGH. SHOULD YOU HAVE QUESTIONS, PLEASE CONSULT LEGAL COUNSEL. Updated: 8/28/2017 Page 2 f 5

3 LICENSE FEES - Fees cllected thrugh are nt REFUNDABLE r TRANSFERABLE. Cmplete NH Mrtgage Banker Branch license Submitted via NH License/Registratin Fee: $ Initial Prcessing Fee: $20 (Filing submissin) REQUIREMENTS COMPLETED IN Cmplete NH Mrtgage Banker Branch license Submitted via Nte Nte Submissin f Branch Frm (MU3): Cmplete and submit the Branch Frm (MU3) in. This frm serves as the applicatin fr the license thrugh. Other Trade Names: If this branch is perating under a name that is different frm the applicant s legal name, that name ( Trade Name, Assumed Name r DBA ) must be listed under the Other Trade Names sectin f bth the Branch Frm (MU3) and the Cmpany Frm (MU1). New Hampshire Banking des nt limit the number f ther trade names. If perating under an Other Trade Name, uplad a cpy f the registratin with the New Hampshire Secretary f State ffice regarding ability t d business under that trade name. This dcument shuld be named [State- License Type] Trade Name Assumed Name. Branch Manager: A Branch Manager must be designated fr each licensed lcatin. A Branch Manager is defined as an individual whse principal ffice is physically lcated in, wh is in charge f, and wh is respnsible fr the business peratins f a branch ffice. Branch Manager must hld r have applied fr a New Hampshire lan riginatr license as well as be licensed in the state that the branch ffice is lcated in. Branch Manager (MU2) Attestatin: Cmplete the Individual Frm (MU2) in. This frm must be attested t by the applicable branch manager befre it is able t be submitted alng with the Branch Frm (MU3). Credit Reprt: Branch Managers are NOT required t authrize a credit reprt thrugh. MU2 Individual FBI Criminal Backgrund Check Nt Required Thrugh : Branch Managers are NOT required t authrize a FBI criminal backgrund check (CBC) thrugh. Uplad in : under the Dcument Type Trade Name/Assumed Name Registratin Certificates in the Dcument Uplads sectin f the Cmpany Frm (MU1). N/A N/A Updated: 8/28/2017 Page 3 f 5

4 REQUIREMENTS/DOCUMENTS UPLOADED IN Cmplete NH Mrtgage Banker Branch license Submitted via Branch Manager Cntract: Submit a cpy f the signed cntract between the branch manager and the licensee. This dcument shuld be named [Branch ID#] Branch Manager Agreement. Branch Written Agreement: Submit a cpy f the agreement between the licensed cmpany and Branch Manager, in cmpliance with applicable state and federal law. This dcument shuld be named [Branch ID#] Branch Manager Agreement. Uplad in : under the Dcument Type Branch Written Agreement in the Dcument Uplads sectin f the Branch Frm (MU3). Uplad in : under the Dcument Type Branch Written Agreement in the Dcument Uplads sectin f the Branch Frm (MU3). INDIVIDUAL (MU2) DOCUMENTS UPLOADED IN Credit Reprt Explanatins: Submit a line by line, detailed letter f explanatin f all dergatry credit accunts alng with prf f payffs, payment arrangements and evidence f payments made, r evidence f any frmal dispute filed (dcuments must be dated). Accunts t address include, but are nt limited t: cllectins items, charge ffs, accunts currently past due, accunts with serius delinquencies in the last 3 years, repssessins, lan mdificatins, etc. Nte: Items regarding bankruptcy, freclsure actins, utstanding judgments r liens, r delinquent child supprt payments shuld be addressed in the Disclsure Explanatins sectin f yur Individual Frm (MU2). This dcument shuld be named Credit Reprt Explanatins Sub Name Dcument Creatin Date. Legal Name/Status Dcumentatin: Uplad legal dcumentatin f legal name r legal status. This may be certified cpies f divrce decree, marriage certificate, cpy f driver s license, passprts, etc. This dcument shuld be named [Dcument Name] (Ex. Driver s License, Marriage Certificate, etc.). Uplad in : under the Dcument Type Credit Reprt Explanatins in the Dcument Uplads sectin f the Individual Frm (MU2). Uplad in : under the Dcument Type Legal Name/Status Dcumentatin in the Dcument Uplads sectin f the Individual Frm (MU2). Updated: 8/28/2017 Page 4 f 5

5 REQUIREMENTS SUBMITTED OUTSIDE OF Cmplete NH Mrtgage Banker Branch License Submitted via N items are required t be submitted utside f fr this license/registratin at this time. Updated: 8/28/2017 Page 5 f 5