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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.
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