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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
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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.
Massachusetts Mortgage Licensing
Mortgage Banker
Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $200,000 - Audited
Surety Bond: $100,000
State Initial Fee: $1,115
Branch Licensing: Yes
Loan Officer Licensing: Yes
Education/Experience: 1 year of verifiable experience
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $25,000 - Audited
Surety Bond: $75,000
State Initial Fee: $1,115
Branch Licensing: Yes
Loan Officer Licensing: Yes
Education/Experience: 1 year of verifiable experience
Regulated by:
Division of Banks
1000 Washington Street, Floor 10
Boston, Massachusetts 02118-2218
Derick J. Rheaume - LO Licensing - p 617-956-1500 x663 - f 617-368-2731 - Frederick.Rheaume@state.ma.us
Telephone: (617) 956-1500
Fax: (617) 956-1599
http://www.mass.gov/dob/