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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.
Indiana Mortgage Licensing
Mortgage Broker Licensing
Loan Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $50,000
State Initial Fee: $300 + $100 per Owner 10% or more
Loan Originator Licensing: Yes
Branch Licensing: Yes
Education/Experience: 24 hours of education
Exemption: HUD Exemption eliminated
1st Mortgage Banker
1st Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $100,000 and liquid assets of $50,000 (Audited or Reviewed)
Surety Bond: $100,000
State Initial Fee: $1,100
State Renewal Fee: $1,000 to $12 per $100,000 volume
Loan Originator Licensing: Yes
Branch Licensing: Yes (Branches located in Indiana only)
Experience/Education: One person with two years verifiable experience in the business of making or underwriting of residential mortgage loans or similar lending and credit evaluation experience and be actively engaged in the operations of the lender.
2nd Mortgage Banker
2nd Loan License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $100,000 and liquid assets of $50,000 (Audited or Reviewed)
State Initial Fee: $1,100
State Renewal Fee: $1,000 to $12 per $100,000 volume
Loan Officer Licensing: Yes
Branch Licensing: Yes (Branches located in Indiana only)
Experience/Education: 2 years of experience
Regulated by:
Indiana Secretary of State
Securities Division
201 Statehouse
Indianapolis, IN 46204
Telephone: (317) 232-6531
Telephone: (317) 232-6681
Application Reviewer: Nick Jones
http://www.in.gov/sos/securities/
and
Department of Financial Institutions
30 S. Meridian Street, Suite 300
Indianapolis, IN 46204
Local (317) 232-3955
Toll Free (800) 382-4880
http://www.in.gov/dfi/