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New Articles:
- July 2008 Mortgage Licensing Update
- June 2008 Mortgage Licensing Update
- May 2008 Mortgage Licensing Update
- April 2008 Mortgage Licensing Update
- March 2008 Mortgage Licensing Update
Contact Us
For assistance with mortgage licensing contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
ssheasby@integritymortgagelicensing.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: $ None (reviewed or audited financials)
Surety Bond: $15,000 to $75,000
State Initial Fee: $1,100
Branch Licensing: Yes
Loan Officer Licensing: Yes
Education/Experience: 40 hours and exam or 3 years of verifiable experience
Comments: Owners of 25% or more of the company are exempt from loan originator licensing. Any other loan officers would need to take 40 hours of education or have 3 years of verifiable experience in the mortgage industry to obtain a loan officer license.
Regulated by:
Department of Labor, Licensing, and Regulation
500 North Calvert Street, Suite 402
Baltimore, MD 21202
Telephone: (410) 230-6100
Fax: (410) 333-0475
http://www.dllr.state.md.us/finance/