Washington
Alabama
Mortgage Banker
Physical/In-State Office: Not Required
Minimum Net Worth: None, CPA Compiled
Surety Bond: $25,000 to $75,000
Qualifying Individual: No
Comments: Warehouse line will need to be verified. Office location cannot be zoned residential
Mortgage Broker
Physical/In-State Office: Not Required
Minimum Net Worth: None, CPA Compiled
Surety Bond: $25,000 to $75,000
Qualifying Individual: No
Comments: Office location cannot be zoned residential
State Banking Department
P.O. Box 4600
Montgomery, Alabama 36103-4600
Telephone: 334-242-3452
Mortgage Licensing Coordinator | Jeremy Windham | [email protected] | 334-242-3452
Company Licensing | Hillary Farthing | [email protected] | 334-242-3452
Individual Licensing | Diana Anderson | [email protected] | 334-242-3452
Main Fax: 334-242-3500
Alaska
Mortgage Banker
Physical/In-State Office: Not Required
Minimum Net Worth: None, CPA Compiled
Surety Bond: $75,000
Qualifying Individual: No
Comments: 2 Control persons are required. Compliance package and most business documents are needed.
Mortgage Broker
Physical/In-State Office: Not Required
Minimum Net Worth: None, CPA Compiled
Surety Bond: $75,000
Qualifying Individual: No
Comments: 2 Control persons are required. Compliance package and most business documents are needed.
Licensing Department of Commerce, Community & Economic Development Division of Banking & Securities
500 W. Seventh Ave, Suite 1850
Anchorage, AK 99501
Telephone: 907-269-8140
Fax: 907-465-2549
[email protected]
Marilyn White | [email protected] | 907-269-4594
Tracy Reno | [email protected] | 907-269-8112
Yvonne Little | [email protected] | 907-269-4584
Arizona
Mortgage Banker
Physical/In-State Office: Yes
Minimum Net Worth: $100,000 CPA Audited All Times
Surety Bond: $25,000 to $100,000
Qualifying Individual: Yes, Resident of AZ, W2 employee, 3 Years of experience, 12 hours CE.
Comments: Most business documents are needed.
Mortgage Broker
Physical/In-State Office: Yes
Minimum Net Worth: Solvent as defined by A.R.S Section 47-1201 (A)(23)
Surety Bond: $10,000 to $15,000
Qualifying Individual: No
Comments: Yes, Resident of AZ, W2 employee, 3 Years of experience, 12 hours CE.
Department of Financial Institutions
2910 N. 44th Street, Suite 310
Phoenix, AZ 85018
Telephone: 602-255-4421
Fax: 602-381-1225
LaTasha Ontiveros | 602-771-2802 | [email protected]
Chris Dunshee | 602-771-2803 | [email protected] | LO Apps
Susan Zimmerman | [email protected]
http://www.azdfi.gov/
Arkansas
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $100,000
Qualifying Individual: Yes.
Comments: Most business documents are needed.
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $100,000
Qualifying Individual: Yes.
Comments: Most business documents are needed.
Securities Department
Heritage West Building Suite 300
201 E. Markham
Little Rock, AK 72201
Telephone: 501-324-9260
Fax: 501-324-9268
Karyn Tierney | [email protected] | 501-324-8671
www.securities.arkansas.gov
California
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: Audited – $250,000
Surety Bond: $50,000 to $200,000 + Fidelity Bond Required
Qualifying Individual: Yes.
Comments: General Business Documents, several additional written statements, fingerprints and a Federal Agency (FNMA, FNMC, FHA, VA, HUD) approval is also required.
Mortgage Broker
Physical/In-State Office: N/A
Minimum Net Worth: N/A
Surety Bond: N/A
Qualifying Individual: N/A
Comments: CA Residential Mortgage Lending Act License for a company is both a banker and broker license.
Department of Financial Protection and Innovation
Division of Corporations
320 West 4th Street, Suite 750
Los Angeles, California 90013-2344
MLO Division
[email protected] | 213-576-7565
Manager | T’Pri Griffin | [email protected]
CFL Division
Richard Grant | Branch Reviewer | [email protected]
Angelito Salandanan | [email protected]
Subhendra Singh | [email protected] | 213-576-7663
Ahn Vo | 213-219-7948
Miguelina Gonzales | Fingerprint Card Requests and Status | [email protected] | 213-576-7690
Patricia Speight | [email protected] | 213-576-7614
Debbie Stopeck | Manager| [email protected]
Gina Madamba | [email protected]
Steven Fong | Reviewer | [email protected] | 213-576-7112
Fiona Y. Tai | Reviewer| [email protected] | Phone: 213-576-7687 | Fax: 213-576-7188
Mary Guzman | All NMLS documents including (checklists on branches, companies, amendments, MLO) need to be sent to her. | [email protected]
RML Division
Mehran Malekaghakhan | [email protected] | 213-576-7684
Gina Fong | [email protected] | 213-576-7564
DiAun Burns | Supervisor | [email protected] | 213-576-7620
Sacramento | 916-445-7205
Los Angeles | 213-576-7690
Colleen Monahan | Deputy Commissioner | Legal/Policy Questions| [email protected]
Fax: 213-576-7181
www.dbo.ca.gov
California Department of Real Estate
2201 Broadway
Sacramento, CA 95818
Mortgage Activity Department (NMLS) Phone | 916-227-0770
Los Angeles Phone Number for Enforcement | 213-620-2072
Fax to Legal: 213-576-6917
Sacramento Phone Number for Licensing | 877-373-4542
Special Investigator – 916-263-8941
www.dre.ca.gov
Colorado
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $25,000 (held by each LO)
Qualifying Individual: No
Comments: Colorado licensing is very easy to achieve for a company and is usually processed quickly..
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $25,000 (held by each LO)
Qualifying Individual: No
Comments: Colorado licensing is very easy to achieve for a company and is usually processed quickly..
Division of Real Estate
1560 Broadway, Suite 925
Denver, CO 80202
Telephone: 303-894-2166 or 303-894-2185
Fax: 303-894-2683
Gloria Williams | [email protected] | 303-894-230
Department of Law
Uniform Consumer Credit Code
Unit 1525
Sherman St. 5th Floor
Denver, CO 80203
Telephone: 303-866-4527
Fax: 303-866-5691
Connecticut
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: $250,000
Surety Bond: $100,000 to $250,000
Qualifying Individual: Yes, with 3 years of mortgage experience within last 5 years.
Comments: Correspondent, Lender and Servicer licenses are all slightly different and have additional requirements for servicing vs lending vs correspondent.
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: $50,000
Surety Bond: $50,000 to $150,000 ($50,000 first time applicants)
Qualifying Individual: Yes, 3 years of mortgage experience within last 5 years.
Comments: Allows for brokering only and lending requires an upgraded licenses for lending and servicing.
Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Telephone: 860-240-8299
Justyna Kordowska | [email protected]
MarleneMannix | [email protected] | Fax: 860-240-817
Deleware
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $50,000 to $200,000
Qualifying Individual: None
Comments: There is an additional renewal fee yearly for ~$1000, along with the NMLS fee.
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $25,000
Qualifying Individual: None
Comments: There is an additional renewal fee yearly for ~$1000, along with the NMLS fee.
Office of the State Bank Commissioner
555 E. Loockerman St., Suite 210
Dover, DE 19901
Telephone: 302-739-4235
Fax: 302-739-3609
District of Columbia
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: $200,000
Surety Bond: $50,000
Qualifying Individual: None
Comments: For lending and brokering you will need to obtain dual authority as a lender and broker.
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: $25,000
Surety Bond: $50,000
Qualifying Individual: None
Comments: For lending and brokering you will need to obtain dual authority as a lender and broker.
DC Department of Insurance, Securities and Banking
810 First St. NE, Suite 701
Washington DC 20002
Tracey Robinson | [email protected] 202.442.7805
Jacqueline Cole | [email protected] 202.442.7809
Phone: 202-727-8000
Florida
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: None
Qualifying Individual: Yes, 1 year of mortgage experience.
Comments: N/A
Mortgage Servicer
Physical/In-State Office: No
Minimum Net Worth: $250,000
Surety Bond: None
Qualifying Individual: Yes, 1 year of mortgage experience.
Comments: N/A
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: $63,000
Surety Bond: None
Qualifying Individual: Yes, 1 year of mortgage experience.
Comments: N/A
Financial Services Commission
Office of Financial Regulation
200 E. Gaines Street
Tallahassee, FL 32399
Michael Sheppard | Analyst Supervisor | [email protected] | 850-410-9555
Christie Olette | 850-410-9807
Brandon Slisz | [email protected] | 850-410-9673
Tonya Knight | [email protected] | 850-410-9570
Jimmy Chien | [email protected]
Jason Romero | [email protected] | 850-410-9851
Thomas Spock | Compliance Manager | 813-218-5321
Telephone: 850-410-9805
Fax: 850-410-9882
Georgia
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $250,000
Qualifying Individual: Yes.
Comments: N/A
Mortgage Broker
Physical/In-State Office: Yes.
Minimum Net Worth: None
Surety Bond: $150,000
Qualifying Individual: Yes
Comments: N/A
Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: 770-986-1633
Fax: 770-986-1654
Email: [email protected]
Branch Applications | Brenda Harrold | 770-986-5035
Latosha Rose | [email protected]
Hawaii
Mortgage Banker
Physical/In-State Office: Yes
Minimum Net Worth: None
Surety Bond: None
Qualifying Individual: Yes – must hold Hawaii License
Comments: N/A
Mortgage Broker
Physical/In-State Office: Yes
Minimum Net Worth: None
Surety Bond: None
Qualifying Individual: Yes – must hold Hawaii License
Comments: N/A
New Licensing Agency (Effective 1/1/2011):
Division of Financial Institutions
355 Merchant Street, Room 221
Honolulu, HI 96813
[email protected] | 808-586-2820
Old Licensing Agency:
Department of Commerce and Consumer Affairs
Att: MB
P.O. Box 3469
Honolulu, HI 96801
Telephone: 808-586-3000
Cecelia Suzuki | 808-586-269
Idaho
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: None
Qualifying Individual: No
Comments: N/A
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: None
Qualifying Individual: No
Comments: N/A
Idaho Department of Finance
Consumer Finance Bureau/Securities Bureau
800 Park Blvd, Ste 200
Boise, ID 83712
Telephone: 208-332-8000 (option 2)
Fax: 208-332-8098
http://finance.idaho.gov/
Illinois
Mortgage Banker/Servicer
Physical/In-State Office: No
Minimum Net Worth: $150,000
Surety Bond: $25,000 to $150,000
Qualifying Individual: No
Comments: Net worth requirement can be reduced if located within the state. A fidelity bond is also required.
Mortgage Broker
Physical/In-State Office: Yes, unless net worth requirement is met.
Minimum Net Worth: $50,000 in State $150,000 out of state.
Surety Bond: N$25,000 to $150,000
Qualifying Individual: No
Comments: Fidelity Bond required if out of sate. Company assets must also include cash reserves.
100 West Randolph, 9th Floor
Chicago, Illinois 60601
New Company Applications | Jean Mukwaya | [email protected] | 312-793-1324
Acting Manager | Karen Harris | [email protected] | 312-793-1438
Branch Applications | Arlene Armstrong | [email protected] | 312-793-1477
Company Renewals | Yolanda Banks | [email protected] |312-793-1436
Loan Originating | 312-793-0527
Fax: 312-793-7097
IL Banking Staff Roster
Indiana
Mortgage Banker (IN-DFI)
Physical/In-State Office: No
Minimum Net Worth: $100,000 ($50,000 Liquid)
Surety Bond: $100,000
Qualifying Individual: Yes, 2 Years experience.
Comments: Experience must include underwriting or similar lending evaluation experiences and be actively working in the operations of the lender.
Mortgage Broker (IN-SOS)
Physical/In-State Office: No
Minimum Net Worth: None
Surety Bond: $50,000 to $75,000
Qualifying Individual: Yes, 3 years of mortgage experience.
Comments: Fi
Indiana Secretary of State
Securities Division
302 W. Washington St. Room E-111
Indianapolis, IN 46204
Telephone: (317) 232-6531
Telephone: (317) 232-6681
Application Reviewer: Nick Jones
http://www.in.gov/sos/securities/
Department of Financial Institutions
30 S. Meridian Street, Suite 300
Indianapolis, IN 46204
Local (317) 232-3955
Toll Free (800) 382-4880
Aaron Sweet – [email protected]
http://www.in.gov/dfi/
Iowa
Mortgage Banker
Physical/In-State Office: No
Minimum Net Worth: Positive
Surety Bond: $100,000
Qualifying Individual: No
Comments: N/A
Mortgage Broker
Physical/In-State Office: No
Minimum Net Worth: Positive
Surety Bond: $100,000
Qualifying Individual: No
Comments: N/A
Division of Banking
200 East Grand Avenue, Suite 300
Des Moines, Iowa 50309-1827
Telephone: 515-281-4014
Fax: 515-281-4862
