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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.
Michigan Mortgage Licensing
Mortgage Banker
First and Second Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $25,000
Surety Bond: $25,000 each
State Initial Fee: $500 each
Branch Licensing: No
Loan Officer Licensing: Yes - Starting 1/1/09
Mortgage Broker
First and Second Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $0 to $25,000
Surety Bond: $25,000 each
State Initial Fee: $350 each
Branch Licensing: No
Loan Officer Licensing: Yes - Starting 1/1/09
Regulated by:
Office of Financial and Insurance Services
611 West Ottawa St.
P.O. Box 30220
Lansing, MI 48909
Telephone: (517) 373-0220
Fax: (517) 335-4978
http://www.michigan.gov/cis/