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For assistance with mortgage licensing contact us at:
Direct Phone: (714) 656-3960
Fax: (714) 829-1444
ssheasby@integritymortgagelicensing.comInformation 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.
Arizona Mortgage Licensing
Arizona Mortgage Licensing is one of the most corrupt type of mortgage licensing schemes in the United States. They require a Responsible Individual that must be a resident of Arizona to act as your responsible individual. Since there are not many people that have this type of license, it usually costs about $1,000 to $1,500 per month to hire someone to be your Responsible Individual. If you have the money to spend, this is a great state to originate in.
Mortgage Banker Licensing
Mortgage Banker License
Physical Office Required: Yes
In-State Officer/ Key Person: Yes
Minimum Net Worth: $100,000 to $250,000
Surety Bond: $25,000 to $100,000
State Initial Fee: $879
Loan Officer License: No
Branch License: Yes
Mortgage Broker Licensing
Mortgage Broker License
Physical Office Required: Yes
In-State Officer/ Key Person: Yes
Minimum Net Worth: $ None
Surety Bond: $10,000 to $15,000
State Initial Fee: $879
Loan Officer License: No
Branch License: Yes
Regulated by:
Department of Financial Institutions
2910 N. 44th Street, Suite 310
Phoenix, AZ 85018
Telephone: (602) 255-4421
Fax: (602) 381-1225
http://azdfi.gov/