MLO Requirements for Virginia

[Patrick Sears]

Hello,

Wondering if any of my fellow Virginia BP posters can clarify what exactly are the licensing requirements to seller finance my own flips (more than three per year/as a full-time business). I know I will need the MLO individual license, but it sounds like I might need the company-level lender license as well? Or the VA broker license? Or are they the considered one in the same? (they kind of make it appear that way on the VA SCC website).

If I need both, than I guess I would be the owner of my lending COMPANY, as well as the licensed MLO sole employee of my own company?

The VA SCC website also mentions an "independent contractor" status as well. Would that apply to me?

Thanks!