As a mortgage banker, mortgage broker or commercial mortgage banker, you would need an Arizona mortgage responsible individual to be able to operate in the state. By statutes of the state, no company can have its operations in the state of Arizona without having a responsible individual listed on their license. All approved Arizona mortgage responsible individuals have met the criteria outlined by the state.
In order to be approved as an Arizona mortgage responsible individual, the following criteria is essential. He or she must be resident of the state and pass the state issued test for mortgage brokers. One must pass a background check issued through NMLS and must have a principal place of business in the state. Only then can one be eligible according to the requisites of the Arizona Department of Financial Institutions. When you get a copy of the license of an Arizona mortgage responsible individual, have it verified so you know you are talking to a person qualified and approved for the role.
Credibility are professionalism are key attributes that you should look for. You cannot hire someone by the virtue of the license alone. The professional needs to know the mortgage and the real estate industry. How long he has been in the industry, if it is his primary business forte and what kind of reputation his business has will have to be accounted for before considering their profile. Call us today 602-351-5607 for more information on our services.