AAXA's Licensing Information

The mortgage industry is regulated by the government at the federal and state level. These government agencies work to protect you, the consumer, from being taken advantage of. At AAXA Discount Mortgage we appreciate this regulation that protects the best interests of our customers, and are committed to 100% compliance with all licensing requirements and regulations, in addition to upholding our own corporate values and code of ethics.

Mortgage Licensing requirements vary greatly from state to state but most often include:

requiring loan advisors to take a course on origination and pass an exam to prove they have learned the required material before being issued a license
requiring loan advisors to submit to a criminal background check
requiring loan advisors to complete continuing education courses each licensing period (usually every one or two years) so that they keep up to date on changing regulations
requiring the company to prove a minimum net worth, and obtain a surety bond
requiring that the company complete an annual report detailing the business conducted in the state the previous year
requiring that the company participate in periodic mortgage license audits of their business activity to ensure it is complying with all state and federal laws and regulations relating to mortgage broker licensing
require that loan advisors and the company pay licensing fees to cover the cost of the state agency’s oversight of the industry

When shopping for a mortgage make sure that you are working with a licensed mortgage broker or lender to ensure that you receive the service you deserve. Please see below for a list of the mortgage broker licenses held by AAXA Discount Mortgage. We are actively expanding our footprint and have begun the licensing process for a number of additional states. Please check back regularly to see the states we are doing business in as we grow.

AAXA's Mortgage Licenses

Arizona Mortgage Broker No. MB-0908473
California Licensed by the Department of Corporations under the Finance Lenders Law. License No. 603 B183
Colorado Business License No. 20041216597
Connecticut First Mortgage Broker, License No. 13189, Second Mortgage Broker, License No. 13524
Florida Mortgage Lender License No. ML 0500181
Georgia Mortgage Broker License No. 20288
Illinois Residential Mortgage License No. 19851
Indiana Loan Broker License No. 04-0018 LB
Kansas Mortgage Company License No. 2004-4653
Maryland Mortgage Lender License No. 2968799
Massachusetts Mortgage Broker License No. MB3631
Michigan Mortgage Broker License No. FL4274, Secondary Mortgage Broker License No. SR1988
Minnesota Residential Mortgage Originator License No. 20434142
Missouri Residential Mortgage Broker License No. 05-1211
New Mexico Registration Certificate No. 02190
North Carolina Mortgage Broker License No. B-116377
Oregon Mortgage Lender License No. ML-3360
Pennsylvania Licensed by the PA Department of Banking. First Mortgage Broker License No. 12119.001, Second Mortgage Broker License No. 12120.001
South Carolina Mortgage Loan Broker License No. MB.0508804-0600900
Tennessee Licensed by the Department of Financial Institutions B-0000002338
Texas Mortgage Broker License No. 47759
Utah Mortgage Lender Company License No. 5752136-MLC0
Vermont Mortgage Broker License No. 0720 MB
Virginia Licensed by the Virginia State Corporation Commission, License No. VA MC-2629
Washington Mortgage Broker License No. 510-MB-27035

Washington Loan Advisor Licenses
Trey Dowdy 510-LO-27064 (12/31/2009)
Willard Jones - 510-LO-34760 (12/31/2009)
Daryl McCarthy 510-LO-44135 (12/31/2009)

**Specific State Disclosures**