Mortgage Banker, Servicer, Broker
First and Second Mortgage Lender or Lender/Servicer License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $25,000 (Lender) and $100,000 (Lender/Servicer)
Surety Bond: $25,000 (Lender) and $125,000 (Lender/Servicer)
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$60 – Foreign Entity App
$125 – Registered Agent Fee
$1,550 (Servicer/Lender) $1,300 (Lender only) – Company License Fee
$1,250 (Servicer/Lender) $250 (Lender only) – MI Surety Bond