5 tips to keep in mind when obtaining a mortgage license in Arizona
Are you looking forward to obtaining your mortgage license in Arizona? Then it is important for you to seek the assistance of a professional service provider to stay away from the hassle associated with the entire process. This can be considered as the main reason why most of the companies have joined with the Arizona RI program. The Arizona RI program, which is also known as the Responsible Individual program is in a position to help you throughout the entire process of obtaining a mortgage license within this state.
From the recent studies, it has been identified that Arizona is one of the most difficult states in the United States to obtain a mortgage license. This is because you should have a physical location in order to apply for it. The Arizona RI program was created for the convenience of people who find it hard to obtain the mortgage license due to this requirement. Therefore, most of the people who don’t have a physical address tend to seek the assistance of the Arizona RI program.
Here is a list of 5 useful tips that you can keep in mind in order to obtain your mortgage license in Arizona without much hassle.
RI representative
First of all, you will need to look for a RI representative within Arizona. Plenty of methods are available for you to start your search for a RI representative. Conducting a research on the Internet can be considered as the most convenient option out of them. However, you need to make sure you select an experienced and qualified representative to get the best possible service at the end of the day.
Brick and Mortar location
It is important for you to comply with the existing brick and mortar laws in order to obtain your mortgage license. That’s why you need to have a physical address within Arizona. You need to make sure that the representative can guide you in the right track in order to comply with these laws.
Brush up on procedure and policy
You need to brush yourself up on the procedures and policy of Arizona in order to obtain a mortgage license. Your representative would provide you with a copy of the procedure and policy manual. It includes what you need to do.
File reviews
You will require assistance in order to make sure that you are following all the required procedures. The RI representative you select will assist you during this stage as well. In fact, you will be provided with a quarterly state compliance file review by your representative to make sure you adhere to all the laws.
Fees
Last but not least, you need to have a clear understanding about the fees associated with the entire process. You will have to spend money on filing fees as well as for the service charges of the RI representative that you select. Then you will not come across any surprises during the process of obtaining your license.