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New Articles:
- Pennsylvania Surety Bond Mortgage Licensing Requirements
- Rhode Island Mortgage Loan Originator Professional Requirements under SAFE
- Illinois Requires Licensing of Mortgage Loan Originators
- Kansas Mortgage Broker Licensing becomes part of NMLS
- Maryland NMLS-Approved SAFE Mortgage Loan Originator Test Available
Contact Us
For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
Alaska Mortgage Licensing
Alaska was the last state to implement mortgage company licensing. They required companies to hold a license by July 1, 2008 if they did not hold an Alaska Business License prior to that date. They then required all mortgage companies with a business license prior to July 1, 2008 to obtain the new Mortgage Lender License by April 1, 2009. The new mortgage license is for brokers and lenders/bankers. It requires completion of a test, fingerprints, surety bond, and additional documentation on the company and its owners.Mortgage Banker or Broker
Mortgage Lender License
Physical Office Required: No
State Fee $900
Surety Bond: $50,000
Minimum Net Worth: $ None
In-State Officer/ Key Person : No
LO Licensing: Yes
Branch Licensing: Yes
Comments: New licensing requirements began July 1, 2008, with effective date of April 1, 2009 for those who held an Alaska Business License prior to July 1, 2008
Regulated by:
Division of Corporations, Business, and Professional Licensing
http://www.dced.state.ak.us/OCC/mortgagelicensing/index.htm