Washington mortgage licensing

Mortgage Broker and/or Lender Licensing

License:  Washington Consumer Loan Company License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  None
Surety Bond Amount:  $100,000
Company License Fee:  $1,162


Mortgage Broker Licensing

License:  Washington Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required:  Yes, Designated Broker with 2 years experience (W2s required), must pass the WA Designated Broker exam
Minimum Net Worth:  None
Financial Statements:  Unaudited
Surety Bond Amount:  $20,000
Company License Fee:  $1,001


Regulated by:

Department of Financial Institutions
Division of Consumer Services
150 Israel Rd SW
Tumwater WA 98501
Phone: 360-902-8703 options 2, 3, 1
E-mail: MortgageLicensing@dfi.wa.gov

 

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