Licensing

Licensing

Thinking of Extending Your Reach Beyond California?

by Dennis Doss There are two sides of the private or hard money mortgage business, lending and investment. A mortgage company lends money. Unless it has unlimited capital or is a mortgage pool, it needs buyers for its mortgages. Some companies sell loans to institutional buyers. The majority of the industry sell their loans to […]

Read more →

What are Advance Fees and Who Can Charge Them?

By Dennis Doss An “advance fee” is money collected by a loan originator from a loan applicant before a loan has been closed. Due to unscrupulous originators that took advance fees and then failed to procure promised loans, the mortgage law generally disfavors advance compensation. We have three types of mortgage origination licenses in California. […]

Read more →

CFL vs DRE–Which is Right for You?

In its newest Doss Guides, Doss Law compares the California Finance Lender and Department of Real Estate licenses. CFL vs DRE–Which is Right for You?

Read more →

CFL vs DRE–Which is Right for You?

CFL vs DRE—Which Is Right for You? By Dennis Doss Most of my clients operate their mortgage companies as real estate brokers under the jurisdiction of the Department of Real Estate. The DRE license is very versatile. Without any net worth or bonding requirements they can make and arrange both consumer and non-consumer real estate […]

Read more →

Serving California
& Beyond

Southern California Office:
300 Spectrum Center Drive, Suite 400
Irvine, CA 92618