100061898
BBB file opened: 1/15/2008
Business started: 5/27/2004
Licensing
Agency: Department of Real Estate
License Number: 01460013
Status: Licensed
California law requires "any person or company who engages in the business of mortgage loans to be licensed by the California Department of Corporations (DOC) with a Consumer Finance Lenders License, or the Department of Real Estate (DRE) with a brokers license.." A finance lenders license provides the licensee with an exemption from the usury provision of the California Constitution. The California Finance Lenders Law provides limited brokering authority. A "broker" is defined in the law as "any person engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender." Brokers licensed under this law may only boker loans to lenders that hold a California Finance Lenders license.
Prior to using the services of a mortgage broker or lender, make sure they are properly licensed with the California Department of Corporations, (DOC), and/or the California Department of Real Estate, (DRE).
You can reach the DOC by phone at 213-576-6201, or visit their website at www.corp.ca.gov. The DRE can be contacted by phone at 213-620-2072, or their website address is www.dre.ca.gov.
Contact Information
Michael Branson - Chief Executive Officer/Broker
Business Category
Reverse Mortgage
Alternate Business Names
Alternate Web Sites