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Montana Mortgage Broker License


Montana Mortgage Broker Requirements

A mortgage broker and loan originator license is required to engage in business as defined by the Montana Mortgage Broker and Loan Originator Licensing Act. The Division of Banking and Financial Institutions carries out the regulation and licensure of mortgage brokers and loan originators that originate Montana residential mortgage loans.

Mortgage brokers seeking a Montana mortgage license are required to maintain a physical office within the state of Montana. Applicants must have three (3) years of mortgage lending experience and pass a state exam. They must also maintain a surety bond in the amount of $25,000. All applicants must submit a complete fingerprint card. Montana requires loan originators to have six (6) months of experience.

Montana Mortgage Licensing Fees

The state of Montana charges an application fee to mortgage brokers in the amount of $500. Loan originators must submit a $400 application fee. Fingerprint fees are $34.

For complete assistance on your Montana Mortgage License, call American Mortgage Licensing to start your project today, 469.688.8441.