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Updated almost 3 years ago on . Most recent reply

User Stats

22
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17
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Toks Akindele
17
Votes |
22
Posts

What is an NMLS# provided by a lender

Toks Akindele
Posted

I was recently talking to a few lenders about doing a Cashout Refinance and I noticed that some of them had an NMLS# on the marketing material they had given me. I had always assumed that Realtors had an MLS number but I didn't know lenders also do. What is this NMLS# and where can you go to verify if this numbers are legit. I am hearing a lot of horror stories about fake lenders disappearing after they get an upfront origination fee or collect appraisal fees. So I want to check the legitimacy of any lender I do business with

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