Posted by BarbaraL_CA on 3/29/07 7:31pm
Msg #182753

Mortgage Broker Stole Dozens Of SoCal ID's

Just a reminder, the only thing you can trust anymore is yourself and your instincts.

From today's news in San Diego Union-Tribune:
http://www.nbcsandiego.com/news/11441102/detail.html

Reply by Sharon Taylor on 3/29/07 10:27pm
Msg #182775

Don't you need a BGC to be a mortgage broker? LOL

This points up the absurdity that a BGC is a cure-all. Aren't mortgage brokers licensed by the state they operate in, and doesn't the state do a BGC on them, same as they do for real estate brokers, insurance brokers, mutual fund salespeople, and the like?

Reply by NCLisa on 3/30/07 5:33am
Msg #182794

Re: Don't you need a BGC to be a mortgage broker? LOL

You are kidding right? Just because you have a state license does not mean the state did a BC. If that were true, that would stop tons or people from getting a contractors license, etc. Even the people that cut your hair are licensed in a state, never heard of them getting a BG.

Reply by GF_CA on 3/30/07 8:49am
Msg #182804

Re: Don't you need a BGC to be a mortgage broker? LOL

I'm a realtor also and , yes, a BGC was done before I received my license. I thinks, that to be a mortgage borker, first need study real estate ( some one alse correct me )

Reply by NCLisa on 3/30/07 11:47am
Msg #182864

Re: Don't you need a BGC to be a mortgage broker? LOL

In NC, a loan officer needs only a criminal background check, and that has only been in existance for a couple years.

Reply by BetsyMI on 3/30/07 9:12am
Msg #182810

Notary Mother too trusting with daughter

Also read in the NNA newsletter (yeah, I'm still a member) about the daugher of an Alabama notary facing identity theft charges after she stole information from her mother's signers!