MB: Mortgage Broker - An individual person who acts
as an associate for either a licensed mortgage broker business
or any lender licensed under Chapter 494. A licensed mortgage
broker is authorized to solicit mortgage loans on behalf of
a borrower, to accept an application, and to negotiate terms
and conditions of a mortgage loan on behalf of a lender.
MBB: Mortgage Broker Business - The primary location
(main office) of a business whose brokering of mortgage loans
is done by licensed mortgage brokers. The business is authorized
to solicit mortgage loans on behalf of a borrower, to accept
an application, and to negotiate terms and conditions of a
mortgage loan on behalf of a lender.
MBBB: Mortgage Broker Business
Branch - Any subsequent
location of a mortgage business (other than the main office)
that is also conducting mortgage business on real estate located
in the state of Florida.
CL: Correspondent Mortgage
Lender - The primary location
(main office) of an entity that makes and services loans for
others, for up to four months. The lender is authorized to
originate mortgage loans and close loans in the name of the
licensee, and is authorized to broker mortgage loans. The
licensee must be a lawfully formed entity such as a corporation,
limited liability company or a partnership.
CLB: Correspondent Mortgage
Lender Branch - Any subsequent
location of a correspondent mortgage lender (other than the
main office) that is also conducting mortgage business on
real estate located in the state of Florida.
ML: Mortgage Lender - The primary location (main office)
of an entity that may make loans and may service loans for
others on Florida real estate. The lender is authorized to
originate a mortgage loan and may close loans in the name
of a licensee, and is authorized to broker mortgage loans.
In addition, a mortgage lender is the only licensee authorized
to sell loans to non-institutional investors and to service
loans for individuals. The licensee must be a lawfully formed
entity such as a corporation, limited liability company or
a partnership.
MLB: Mortgage Lender Branch - Any subsequent location
of a mortgage lender (other than the main office) that is
also conducting mortgage business on real estate located in
the state of Florida.
MLS: Mortgage Lender Savings
Clause - This license
authorizes the holder to originate a mortgage loan and service
for others indefinitely. As of 1/1/92, this license type can
no longer be applied for due to a law change.
MLST: Mortgage Lender Savings
Clause Transfer - This
license authorizes the holder to originate a mortgage loan
and service for others indefinitely.
