Quite a list of prerequisites: http://mortgage.nationwidelicensingsystem.org/slr/PublishedStateDocuments/GA-Mtg-Lender-License-Description.pdfSome exemptions include:  Federally insured financial institutions and their wholly owned subsidiaries;  W-2 Employees of licensees and registrants (see Code);  Attorneys who provide legal services who are not in the business of negotiating loans;  Any person performing any act relating to mortgage loans under order of any court ;  Nonprofit corporations making mortgage loans to promote home ownership or improvements for the disadvantaged;  Any natural person who makes five or fewer mortgage loans in any one calendar year;  Other… refer to Code Section 7-1-1001.Bob

Hi Peter, I would really like to know how to go about setting up a corporation in the US, what to do and what no to do?

MF complexes are better than 1to 4 unit houses because of the existing competition.Another thing you should consider is forming some type of corporation or a LLC depending on your financial worth and plans on what you are doing.  

At a minimum, it seems one should run a credit check, employment verification check (to verify their past is what they say it is), criminal background check, bankruptcy check, perhaps research previous LLCs or corporations the person has formed.

It’s a hybrid of a partnership and corporation.

Also, were they letters with hand-typed font or corporate looking?

Then, the next question is what type of deals would you be excluded from even under a corporate entity?  

One of those thing to your fininacial well-being and that is to determine some type of corporation or a LLC.  

Fannie Mae and Freddie Mac guidelines do not allow you to close in a LLC or any corporate entity.  

You also need to do before you start is to form some type of corporation or a LLC.