|
|||
A Nebraska mortgage banker who jumped the gun and began offering mortgages before officials had issued his company a license has been barred from conducting further business in the state.
AA Lending Corp. and its president, Bryan Oswald, received a cease and desist order to stop conducting business in Nebraska, as well as an order of denial for a mortgage banking license by the state’s Department of Banking and Finance, according to an announcement. The department said it issued the orders to the Lincoln-based company, also known as Across America Lending, because it began business before receiving the required license, distributed leaflets promoting a public “seminar” for first-time home buyers held in Lincoln on Oct. 27, and established a Web site (www.aalending.com) that it had not disclosed on its application. “AA Lending Corporation and Bryan Oswald knew the company wasn’t registered or qualified to serve Nebraskans,” said department review examiner Karen Reynolds in the statement. However, “Mr. Oswald illegally proceeded to begin business here.” Oswald told MortgageDaily.com that currently, “Attorneys are working through the misunderstandings with the department.” AA Lending has requested a hearing, but a date has not been scheduled, department spokeswoman Nora Tallmon said. The department said it “would like to hear” from anyone doing business with AA Lending and anyone who attended the seminar. |
|||
Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.e-mail: MortgageWriter@aol.com |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at