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Hello All-I am interested in applying for the Florida Mortgage Servicer License. According to statute 494.00721, the company must maintain a net worth requirement of $250k in order to originate and service the debt on the back-end.
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This information can also be found on your monthly mortgage statement. (Learn. Many Florida mortgages contain a clause that requires the lender to send the.
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Pre-qualification starts the loan process. Once a lender has gathered information about a borrower’s income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for.