Our NJ Mortgage Company is a Proud NMLS Lender
Important home loan information for NY, NJ,and CT families
At Jersey Mortgage Company we work hard to maintain the high level of service and integrity our customers have come to expect of us. This means going the extra mile every day— and this philosophy extends to all aspects of our business, including our deep commitment to fair lending practices.
Our NJ, CT, PA, FL and NYC mortgage company is a proud member of the Nationwide Mortgage Licensing System & Registry (NMLS), a centralized, national repository that contains information about mortgage companies, their principals, and their loan officers. Participation in NMLS ensures that all our home loan professionals have undergone specialized training, background checks and ongoing testing in order to offer you superior customer service.
The purpose of the NMLS is to maintain a centralized mortgage industry database that can be accessed by mortgage regulatory agencies and consumers across the country. The S.A.F.E. Mortgage Licensing Act of 2008 requires that all mortgage loan originators have an account with the NMLS.
The Jersey Mortgage Company NMLS difference
Federally charted bank employees are not required to go through the rigorous NMLS process and as a result, may not offer the same level of assurance and expertise. This is a notable difference, and one worth considering when researching your home loan provider options.
You can search the NMLS Consumer Access website to make sure that the lending partner you are considering is listed. This free consumer service allows you to view information concerning state-licensed companies, branches, and professionals licensed and registered through NMLS.
The benefits of the NMLS mortgage company registry
There are a number of benefits the NMLS system offers to home loan borrowers, not the least of which is peace of mind. At Jersey Mortgage Company, we have remained steadfast in our commitment to transparency and trust. We are a direct lender, not just a broker, so we hold ourselves to a higher standard via NMLS and many regulatory agencies.
To us, each customer is a partner, and this means giving you all the information you need to be completely informed. Below are of some the benefits associated with being a NMLS registered lender:
- State mortgage regulators can easily monitor lenders so there is no way a “bad apple” can attempt to get licensed in a new state without being detected
- Borrowers can quickly search for a lender to determine whether they are credible
- You are assured that lenders have undergone the necessary testing, background checks and other validity benchmarks to ensure that you’re safeguarded from unsavory lending practices