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Old 06-02-2009, 09:55 AM
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Default Does one need a license to be a commercial...

...mortgage broker? I am very confused, in the past few years, I have been told by many brokers, lenders, lawyers and friends that I knew or met, that a person does not need a license to be a commercial mortgage broker in the state of New York, but that they do need a license to be a residential mortgage broker. I even talked to the New York State Department of Banking and Secretary of State Department and they told me this is true. But, I just read something online that a person does need a license to be a commercial mortgage broker. So which is it? I am very confused.Im not sure what you mean, please explain. Thanks
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