The Kentucky Department of Financial Institutions, through the Public Protection Cabinet, ensures that mortgage brokers in Kentucky are ethical, licensed and professional. In addition to the federal consumer protections against predatory lending, Kentucky mortgage brokers must adhere to a number of state and national requirements. Kentucky mortgage brokers must undergo 20 or more hours of education, including courses on federal real estate law, mortgage lending ethics and courses on non-traditional mortgage lending. Furthermore, Kentucky mortgage brokers must complete continuing education course to keep their licenses current and active.
To prevent “fly-by-night” mortgage brokers from establishing businesses in Kentucky, mortgage brokers are required to have a physical office within the state. New mortgage brokers and mortgage brokers who are carrying over licenses from another state must complete a number of education courses specific to Kentucky before registering in the state.
These regulations work to ensure that Kentucky mortgage brokers have useful, accurate and current information about the local real estate markets that they serve. Nevertheless, we recommend seeking references from each mortgage broker you speak to. You may also want to contact two or three different mortgage brokers to get competitive offers. Begin your search by clicking one of the locations below. This will bring you to a comprehensive listing of well-established mortgage brokers in Kentucky along with contact information, mortgage lending offerings and other useful information. |
