Arizona Mortgage RI

At Arizona Mortgage Responsible Individual Services, we specialize in providing responsible individual resources for mortgage bankers and brokers. Our goal is to assist businesses in obtaining and maintaining a mortgage license, ensuring compliance with Arizona Revised Statutes and regulatory requirements.

Definition and Requirements of the Arizona Responsible Individual

It is essential to understand the definition and requirements of the Arizona mortgage responsible individual. As a mortgage banker, mortgage broker, or commercial lender, each company must employ an Arizona resident called a responsible individual. This individual must be qualified and approved by the state of Arizona. Our services are designed to ensure that you meet the state's requirements and avoid delays or penalties.

Scope of Services

Our standard scope of services includes:

• Serving as Your Responsible Individual: We will act as your responsible individual, as defined by Arizona statutes.
• Providing a Brick and Mortar Business Location: We will ensure that your company has a bona fide commercial office, not a home office or condo.
• Assisting with Initial and Renewal Applications: We will help with the preparation and submission of initial and renewal applications for an Arizona mortgage license.
• Preparing for the DIFI Examination: We will assist in preparing your company for the Department of Insurance & Financial Institutions (DIFI) examination, including reviewing company records and marketing materials.
• Attending the Examination: We will attend the examination on behalf of your company, at no additional cost.
• Assisting with Consumer Complaints: We will assist in drafting a detailed response to any consumer complaints that may arise.
• Answering Compliance Questions: We will answer any questions you may have regarding compliance, marketing, and company policies.

Experience and Expertise

Our founder, Charles Rudolph, has been a mortgage professional for 26 years and has successfully completed the necessary requirements outlined by the Arizona Revised Statutes to act as an Arizona mortgage responsible individual. We are trusted by mortgage bankers and brokers from all over the country who rely on our expertise and guidance.

Why Choose Us?

Arizona is a fantastic state to be in the mortgage business, with consistent growth rates and a steady pool of buyers. Our team is dedicated to providing exceptional service, ensuring that your company is in compliance with Arizona state regulations and regulations.