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