Enhancement to the Mortgage Licensing Process

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Authors
Bodvake, Ron
South Carolina Certified Public Manager Program
Issue Date
2016-02-01
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Text
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Keywords
South Carolina Board of Financial Institutions , Mortgage brokers--Licenses--South Carolina , Mortgage banks--Law and legislation--South Carolina
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Abstract
The Consumer Finance Division of the South Carolina State Board of Financial Institutions is responsible for the supervision, licensing and examination of all consumer finance companies, deferred presentment companies, check cashing companies, and non-depository mortgage lenders and their loan originators. This project specifically focuses on the licensing of Mortgage Lender/Servicer ( company), Mortgage Lender/Servicer Branch (branch) and Mortgage Loan Originator (loan originator) licenses. The problem statement is how the Division can handle increasing the number of mortgage loan originators in the state without delaying the time to process applications. The goal of this project is to make the current licensing process more efficient so that the Division can handle the increased workload without having to hire additional personnel.
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South Carolina State Library
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Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.
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