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Novus Home Mortgage
United States
2018 (7 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Novus Home Mortgage
Company Information
Get to know Novus Home Mortgage
Novus Home Mortgage creating a simpler, more efficient and more transparent mortgage process. It leverages the industry’s most innovative technology to provide 24/7 transparency, streamline the entire process and minimize effort for all parties. Novus delivers exceptional customer service, along with an extensive offering of loan products ranging from FHA, VA and conventional loans to niche products.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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