MB: Mortgage Broker Individual
An individual person who acts as an associate for either a licensed mortgage broker business or any lender licensed under Chapter 494, F.S. A licensed mortgage broker is authorized to solicit mortgage loans on behalf of a borrower, to accept an application, and to negotiate terms and conditions of a mortgage loan on behalf of a lender.
MBB: Mortgage Brokerage Business
The primary location (main office) of a business whose brokering of mortgage loans is done by licensed mortgage brokers. The business is authorized to solicit mortgage loans on behalf of a borrower, to accept an application, and to negotiate terms and conditions of a mortgage loan on behalf of a lender.
MBBB: Mortgage Brokerage Business Branch
Any subsequent location of a mortgage business (other than the main office) that is also conducting mortgage business on real estate located in the state of Florida.
CL: Correspondent Mortgage Lender
The primary location (main office) of an entity that makes and services loans for others, for up to four months. The lender is authorized to originate mortgage loans and close loans in the name of the licensee, and is authorized to broker mortgage loans. The licensee must be a lawfully formed entity such as a corporation, limited liability company or a partnership.
CLB: Correspondent Mortgage Lender Branch
Any subsequent location of a correspondent mortgage lender (other than the main office) that is also conducting mortgage business on real estate located in the state of Florida.
ML: Mortgage Lender
The primary location (main office) of an entity that may make loans and may service loans for others on Florida real estate. The lender is authorized to originate a mortgage loan and may close loans in the name of a licensee, and is authorized to broker mortgage loans. In addition, a mortgage lender is the only licensee authorized to sell loans to non-institutional investors and to service loans for individuals. The licensee must be a lawfully formed entity such as a corporation, limited liability company or a partnership.
MLB: Mortgage Lender Branch
Any subsequent location of a mortgage lender (other than the main office) that is also conducting mortgage business on real estate located in the state of Florida.
MLS: Mortgage Lender Savings Clause
This license authorizes the holder to originate a mortgage loan and service for others indefinitely. As of 1/1/92, this license type can no longer be applied for due to a law change.
MLST: Mortgage Lender Savings Clause Transfer
This license authorizes the holder to originate a mortgage loan and service for others indefinitely.
MBS: Mortgage Business School
This license authorizes a school, institution or person to offer or conduct mortgage brokerage training as a condition precedent to licensure as a mortgage broker in Florida. and/or Authorizes a school, institution or person to offer or conduct mortgage financing related training for a licensed mortgage broker to meet the continuing (professional) education requirement at the time of license renewal.
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