Montana mortgage licensing

Mortgage Broker Licensing

License:  Montana Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, QI must work from the main office and have 3 years of mortgage experience and obtain a MT MLO license
Minimum Net Worth:  None
Financial Statements:  None
Surety Bond Amount:  $25,000
Company License Fee:  $600


Mortgage Lender Licensing

License:  Montana Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  Yes, QI must work from the main office and have 3 years of mortgage experience and obtain a MT MLO license
Minimum Net Worth:  None
Financial Statements:  None
Surety Bond Amount:  $25,000
Company License Fee:  $850


Regulated by:

Department of Banking and Financial Institutions
301 South Park, Suite 316
PO Box 200546
Helena, MT 59601
Phone: 406-841-2920
Fax: 406-841-2930
mortgagelicensing@mt.gov

 

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