Mortgage Licensing
Business Purpose Lending
(Hover over the state for specific information)
A business purpose loan is used to acquire an investment property or refinance an investment property with or without cash-out. The property used as collateral must be non-owner occupied and all cash-out funds are intended solely for business use.
The BPL licensing map below pertains to the following Luxury Mortgage Non-QM products: Investor Cash Flow (DSCR), Full Doc, and Bank Statement.
BPL Accepted: No Broker Company License Required / No Broker LO License Required
BPL Accepted: No Broker Company License Required / No Broker LO License Required
BPL Accepted: Broker Company License Required / No Broker LO License Required
BPL Accepted: Both Broker Company License & Broker LO License Required
BPL Not Accepted by Luxury
Residential Licenses
Luxury Mortgage holds the following mortgage licenses issued by state regulators. We offer mortgage services for residential 1-4 family properties, including primary, second, and investment properties, as well as DSCR loans.
If you have questions about our licensing or how financial regulations impact your transaction, don’t hesitate to contact us.
| Alabama | Consumer Credit License No. 22303 |
| Arkansas | Arkansas Combination Mortgage Banker-Broker-Servicer, License No. 113858 |
| California | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act CRMLA # 4130164 |
| Colorado | The Colorado Division of Real Estate Company Registration #2745 |
| Connecticut | Mortgage Lender License #ML-2745 |
| Delaware | Licensed by The State Bank Commissioner, License No. 022631 |
| District of Columbia | Mortgage Dual Authority License # MLB 2745 |
| Florida | Licensed Mortgage Lender #MLD484. For licensing information, go to: www.nmlsconsumeraccess.org> |
| Illinois | Illinois Residential Mortgage Licensee # MB.0006615 by the Department of Financial and Professional Regulation, Division of Banking, 555 West Monroe Street, 5th Floor, Chicago, IL 60661 (888-473-4858) For licensing information go to www.nmlsconsumeraccess.org |
| Louisiana | Residential Mortgage Lender License |
| Maine | Licensed Supervised Lender License #SLM6618 |
| Maryland | Licensed Mortgage Lender #10157 |
| Massachusetts | Licensed Mortgage Lender/Broker, License #MC2745 |
| Michigan | Michigan 1st and 2nd Mortgage Broker/Lender/Servicer Registrant License# FR0021279/SR0021280 |
| Minnesota | Residential Mortgage Originator License #MN-MO-4745 |
| New Hampshire | Licensed by the New Hampshire Banking Department #2745MB |
| New Jersey | Licensed Residential Mortgage Lender-New Jersey Department of Banking & Insurance License # 9823728 |
| New Mexico | Mortgage Loan Company License No. 03841 |
| New York | Licensed Mortgage Banker- New York State Department of Financial Services – 370 Lexington Ave, Suite 2202, New York, NY 10017 |
| North Carolina | Mortgage Lender #L-104218 |
| Ohio | Operates under Ohio Residential Mortgage Lending Act Certificate of Registration No. MBMB 850043.000 |
| Oregon | Licensed by the Oregon Division of Finance Regulation; Mortgage Lender, License No. ML-5485 |
| Pennsylvania | Licensed by the Pennsylvania Department of Banking – Mortgage Lender License #27662 |
| Rhode Island | Rhode Island Licensed Lender Licensed #20031560LL / Rhode Island Licensed Loan Broker #20092580LB |
| South Carolina | BFI Mortgage Lender/Servicer License # MLS 2745 |
| Tennessee | Department of Financial Institutions License #129501 |
| Texas | SML Mortgage Banker – Four Landmark Square, Suite 300, Stamford, CT 06901 |
| Utah | Licensed by the Utah Department of Financial Institution, Residential First Mortgage Notification |
| Virginia | Licensed by the Virginia State Corporation Commission # MC-5938. NMLS ID #2745 (www.nmlsconsumeraccess.org) |
| Washington | Consumer Loan License # 520-CL-51057 |
| Wisconsin | Mortgage Banker License #2745BA |
| Wyoming | Mortgage Lender/Broker License #3939, Consumer Lender License #CL-4248/3939 |
In Texas – Complaints regarding mortgage bankers should be sent to The Department of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201, Austin, Texas 78705. A toll free consumer hotline is available at 1-877-276-5550. Complaint forms and instructions may be downloaded and printed from the department’s web site at www.sml.Texas.gov. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s web site at www.sml.Texas.gov.
STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE:
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
These materials are not from HUD or FHA and have not been approved by HUD or any government agency.
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
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CORPORATE
Luxury Mortgage Corp.®
Four Landmark Square
Suite 300
Stamford, CT 06901
(888) 458-6267
WEST COAST
Luxury Mortgage Corp.®
18100 Von Karman Ave
Suite 350
Irvine, CA 92612
(949) 516-0710
