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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.
Delaware Mortgage Licensing
Delaware may take a few months to obtain a mortgage license, since they do in depth verifications and reviews of the application documentation, but the requirements are not very strict. One of the major hold ups for most companies is that Delaware requires 3 letters of reference to be sent directly to the State of Delaware Licensing Department by the person giving the reference. I've seen applications held up for months due to this not being sent correctly. However, everything else is just paperwork, so if you submit the paperwork correctly in this state, you can greatly increase your chances of getting a Delaware Mortgage License much quicker.Mortgage Banker
Licensed Lender
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $50,000 to $200,000
State Initial Fee: $500
Loan Officer Licensing: Yes
Branch Licensing: Yes
Mortgage Broker
Mortgage Loan Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $25,000
State Initial Fee: $500
Loan Officer Licensing: Yes
Branch Licensing: Yes
Regulated by:
Office of the State Bank Commissioner
555 E. Loockerman St., Suite 210
Dover, DE 19901
Telephone: (302) 739-4235
Fax: (302) 739-3609
http://www.state.de.us/bank/