Kansas Mortgage Broker Requirements
Mortgage Brokers in Kansas are licensed and regulated by the Kansas Office of the State Bank Commissioner.
Mortgage brokers attempting to obtain a Kansas mortgage license are not required to maintain a physical location in the state of Kansas. However, mortgage brokers that do not qualify for an in-state office must maintain a surety bond in the amount of $100,000 and also submit audited company financials attesting a net worth of at least $50,000. Mortgage brokers with an in-state office are required to maintain a surety bond in the amount of $50,000.
Loan originators in Kansas must also registered with the State Bank Commissioners Office. Kansas mortgage brokers are not required to have specific education nor pass an exam to become licensed. Both mortgage brokers and loan originators are required to submit fingerprints.
Kansas Mortgage Licensing Fees
All mortgage broker applicants must submit a non-refundable $600 application fee. Loan originators must submit a non-refundable $75 application fee. Both mortgage brokers and loan originators must submit a $54 fingerprint processing fee.
For complete assistance on your Kansas Mortgage License, call American Mortgage Licensing to start your project today, 469.688.8441.