Qualifying your Mortgage Broker

Lenders in Oklahoma

Researching a mortgage lender is a crucial part of receiving a loan in Oklahoma. Before you agree to the terns of a loan, you should investigate your lender to determine if they have been involved in fraud or predatory loan practices in the past. The Oklahoma mortgage attorneys at The Hershewe Law Firm are dedicated to providing home-buyers throughout the state with the resources they need to obtain a fair loan.

Oklahoma Department of Consumer Credit

The Oklahoma Department of Consumer Credit is a vital resource for determining the legitimacy of your lender. This government organization oversees the creation and enforcement of laws and regulations regarding lending in the state of Oklahoma. Their official website also contains a list of licensed mortgage brokers in Oklahoma, and the requirements a lender must fulfill to receive a license. If your lender is not listed as licensed, you should reconsider obtaining a loan from them.

Oklahoma Housing Finance Agency

The Oklahoma Housing Finance Agency provides home-buyers with resources for finding licensed lenders and examining the lending laws and regulations that govern the state. Their main goal is to put people into houses, and can assist you in matters regarding finding a lender.

Oklahoma Real Estate Commission

The Oklahoma Real Estate Commission is another state agency dedicated to licensing and investigating lenders. Their website can provide you with information about the licenses your lender has received, and conduct an investigation if you suspect wrong-doing.

Knowing your lender’s history and practices before accepting a loan can protect you from unfair lending practices and predatory lending. In addition to the resources listed above, your mortgage attorney can help you investigate your lender to determine if they have been involved in unfair lending in the past.

To speak with an Oklahoma mortgage attorney, contact The Hershewe Law Firm toll-free at 877-382-9734 or use our email form.