The most common reason people are disqualified from becoming mortgage lenders is because of their criminal record. If you have any convictions in your record, you probably won't be able to get a license for VA Loans near Nexton SC. There is no specific time limit on how long your felony conviction must have occurred to qualify for a mortgage broker license. However, the licensing board is likely to consider the seriousness of your conviction and your relationship to the work of a mortgage loan officer. If you have any questions about whether your felony conviction would disqualify you from obtaining a license, you can contact the licensing board directly.
You may be disqualified from the licensing process if you have been convicted of a serious crime. Charges that include fraud, money laundering, or breach of trust can lead to a lifetime ban on granting MLO licenses.
