NY Mtg. Banker Licensing Time May Be Cut in Half ?
New York regulator Benjamin Lawsky said Tuesday, May 20, 2014, that the New York Department of Financial Services plans to improve the time and process it takes to get a mortgage license in New York. Lawksy plans to eliminate several layers of review for mortgage bankers to apply for a license or a new branch location. On licensing, Lawsky said his goal is to cut the current four-month wait time in half for lenders to get a license in New York. “When I heard we were one of the slowest in the country, my reaction was to do a whole reform process and make us the fastest,” he said. “I want to be number one.”
http://www.nationalmortgagenews.com/news/servicing/ny-to-streamline-origination-licensing-expand-servicing-probe-1041821-1.html
