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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.
Maryland Mortgage Licensing
Mortgage Banker or Broker
Mortgage Lender License
Physical Office Required: No (unless home state requires)
In-State Officer/ Key Person: No
Minimum Net Worth: $0 to $250,000 (reviewed or audited financials)
Surety Bond: $50,000 to $150,000
State Initial Fee: $1,100
Branch Licensing: Yes
Loan Officer Licensing: Yes
Education/Experience: 20 hours
Comments: Owners of 25% or more of the company were exempt from loan originator licensing. This exemption was eliminated on 7/31/09.
Regulated by:
Department of Labor, Licensing, and Regulation
500 North Calvert Street, Suite 402
Baltimore, MD 21202
Telephone: (410) 230-6100
Reviewers
Anne Ecker (410) 230-6102 - Supervisor
Brandy Emerick (410) 230-6023 - bemerick@dllr.state.md.us
Betty McBride (410) 230-6150
Ms. Johnson - mjohnson@dllr.state.md.us - 410-230-6081
Lynn Smith - (410) 230-6155
Fax: (410) 333-0475
http://www.dllr.state.md.us/finance/