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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.
Michigan Mortgage Licensing
Mortgage Banker
First and Second Mortgage Lender or Lender/Servicer License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $25,000 (Lender) and $100,000 (Lender/Servicer)
Surety Bond: $25,000 (Lender) and $125,000 (Lender/Servicer)
State Initial Fee: $1,300 (Lender) and $1,550 (Lender/Servicer)
Branch Licensing: No
Loan Originator 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: $25,000 or $15,000 if not accepting advance fees from borrowers
Surety Bond: $25,000 each
State Initial Fee: $1,050 each
Branch Licensing: No
Loan Originator 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
Laurie - LO Licensing (517 373-7043 thelenl4@michigan.gov
Thomas Wilson - LO Licensing - WilsonT3@michigan.gov
Brandy Seidlmeyer (517) 373-7614 sedelmaierb@michigan.gov
Jennifer Childs 517-335-2094
http://www.michigan.gov/dleg/