Minnesota Mortgage Licensing
Mortgage Banker or Broker
Residential Mortgage Originator License
Physical Office Required: No
In-State Officer/ Key Person : No
Minimum Net Worth: $0
Surety Bond: $100,000
State Initial Fee: $1,200
Branch Licensing: Yes (Branches within state of MN Only)
Loan Originator Licensing: Yes
Education/Experience: None
Exemptions: Exemption from Bond Requirement went away on 12/31/2010
Mortgage Servicer
Residential Mortgage Servicer License
Physical Office Required: No
In-State Officer/ Key Person : No
Minimum Net Worth: $0
Surety Bond: $100,000
State Initial Fee: $650
Branch Licensing: Yes (Branches within state of MN Only)
Loan Originator Licensing: N/A
Education/Experience: None
Regulated by:
Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101
Phone: 651-296-2135
Robin Brown - (651) 282-9855
http://www.state.mn.us/portal/mn/jsp/home.do?agency=Commerce