Mortgage Broker, Mortgage Banker, Mortgage Servicer
- Exam
- Not reported
- Education
- Not reported
- Experience
- Not reported
- Background check
- Not reported
Mortgage Broker means a person who for compensation: (A) Accepts or offers to accept an application for a mortgage loan; (B) Solicits or offers to solicit a mortgage loan; (C) Negotiates or offers to negotiate the terms or conditions of a mortgage loan; or (D) Issues or offers to issue mortgage loan commitments or interest rate guarantee agreements to borrowers. Mortgage Banker means a person who engages in the business of making mortgage loans for compensation. Mortgage Servicer means a person who receives from or on behalf of a borrower: (A) Funds or credits in payment for a mortgage loan; or (B) The taxes or insurance associated with a mortgage loan. Requirements: 1) Must submit an application. 2) Must be bonded. 3) Must submit an audited financial statement. 4) Each branch office must be licensed. Initial filing fee: $750.00, Renewal filing fee: $350.00, Branch Office fee: $100.00, Branch Office renewal fee: $100.00
Requirements reported by the state
- Licence type
- Registry
- Military and veterans
- A temporary license available to military and spouses until formal license approval
Issuing body
- Department
- Arkansas Department of Commerce
- Address
- 1 Commerce Way Suite 402 Little Rock, AR 72202
- Phone
- (501) 324-9260
- Agency website
- www.securities.arkansas.gov
- Last updated
- June 28, 2022
Occupations (O*NET)
- Mortgage Loan Originator 13-2072.00
Source and verification
This record is Arkansas's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Arkansas Department of Commerce — see the issuing body section above.
How we process this data. Not legal advice.