NPN loan mods & licensing

[Jordan P.]

How many of you NPN investors out there are licensed mortgage lenders or brokers? I know the question of "do I have to?" has been discussed and debated on these forums and there is no replacement for professional legal advice, but I'm curious how many contributors here who are working out multiple loans mods across multiple states have chosen to get licensed and why they chose to do so.

[Bob Malecki]

We also board our NPLs with our servicer and their license is enforced for debt collection. Wouldn't do it any other way.