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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
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.
New York Mortgage Licensing
Mortgage Banker
Mortgage Banker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $250,000 - Must also have a $1,000,000 warehouse line of credit
Surety Bond: Not Available
State Initial Fee: $3,000
State Renewal Fee: Not Available
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: 5 years of verifiable experience
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $10,000
State Initial Fee: $1,500
State Renewal Fee: Not Available
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: 2 years of verifiable experience
Regulated by:
New York State Banking Department
One State Street
New York, NY 10004-1417
1-877-BANK-NYS
(212) 709-5579 - Rae Lynn, Licensing Manager
(212) 709-5596 - Mr. Barrerro, Application Manager
(212) 709-5540 phone or (212) 709-5555 fax - Rholda Ricktts, Deputy
(212) 709-3846 - Beatrice, Application Reviewer
(212) 709-3847 - Derrick - NY FHA Applications
Christina.Wong@banking.state.ny.us
Kara.Anderson@banking.state.ny.us - Branches
martin.mcdonnough@banking.state.ny.us - 212-709-5542
mbbdenovo@banking.state.ny.us
http://www.banking.state.ny.us/index.htm