NV Loans with CA License....

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Icon Mini Profile anna4loans




Joined: 14 Aug 2007

Posts: 1

1.58 Dollars($)
PostPosted: Tue Aug 14, 2007 10:47 am    Post subject: NV Loans with CA License....

Hi There! I was trying to find out if anyone knows any lenders besides Indymac, Wachovia-World Savings and ClearMortgageSolutions that will allow a CA Broker to fund a Loan in NV without having a license from that state.
Any one knows any other Lenders that will allow that?
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 2620
Location: New Jersey
409.63 Dollars($)
PostPosted: Tue Aug 14, 2007 1:44 pm    Post subject:

I am not aware, may be other community members would be able to help.
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Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328

474.49 Dollars($)
PostPosted: Tue Aug 14, 2007 10:40 pm    Post subject:

Hi Anna,

As Nevada is located in California, so a broker can easily fund a loan within that state. There should not be any problem in doing that. But funding outside the state without a proper license is illegal.

And if any lender allows it also, it will not be considered legal and the borrower may have to face troubles later.
sean

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PostPosted: Wed Aug 22, 2007 10:24 pm    Post subject:

How is Nevada located in California?
Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328

474.49 Dollars($)
PostPosted: Wed Aug 22, 2007 11:15 pm    Post subject:

Sean,

I admit my mistake. I thought Anna was talking of Nevada County. And I did not noticed that she was actually talking of Nevada state.
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