South Carolina Mortgage Lender License
Kyle Wimmer of Rock Hill, South Carolina was sentenced in Federal Court for bank fraud and money laundering to 63 months in federal prison and was ordered to pay $4 million in restitution. The South Carolina Mortgage Brokers Association (SCMBA), is an affiliate of the National Association of Mortgage Brokers (NAMB) These organizations provide excellent resources for those who desire to obtain a Mortgage Broker License in South Carolina.
2017 Act No. 93, Section 11, amended (B)(1) and (C), removing the state criminal background check requirement, authorizing the Nationwide Mortgage Licensing System and Registry to retain fingerprints for certain purposes, and requiring at least three hours of prelicensing education on South Carolina laws and regulations.
Loans are still available, as long as you can replace it. It's the same situation as if you need to sell that old car that has been lying in your garage for ages but you are unable to find the car equity, you can still sell the car, and you just have to replace the auto equity first.
All South Carolina mortgage licenses are handled through the National Mortgage Licensing System Prelicensing requirements include approved courses that are 20 or more hours and contain 3 hours of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus 12 or more hours of electives.
Summarizing the court decision, Judge William Alsup stated that the mortgage elimination program was "an elaborate Internet Scam." He also ordered a copy of his ruling be sent to the U.S. Attorney "because of the possibility of mail fraud and wire fraud to further an internet scam." (Go to to see this story).
Qualfirst Mortgage is a full service mortgage brokerage firm, covering the State of South Carolina, that is partnered with America's best Mortgage Lenders to get the best service, best turn around times, lowest rate and most flexible mortgage loan products.
Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. Try ARLO a revolutionary calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations. The South Carolina Department of Consumer Affairs licenses mortgage loan officers in South Carolina and requires 20 hours of pre-licensing education; The national 20-hour class and no additional hours of state law.
Before signing the loan agreement, you and your lender should figure out your monthly payments into your monthly budget. You can negotiate rates with confidence top mortgage lenders in south carolina when you know in advance what lenders look for in a borrower. You have no right to remain in the home after a foreclosure sale in South Carolina.
You can be confident that these mortgage companies are familiar with the home loan programs that may include generous assistance SC Housing offers in your county. Whether you are in the process of obtaining a loan or making your last payment, one of our local loan services representatives will be here to answer your questions.