Minnesota Mortgage Licensing
Mortgage Banker or Broker
Residential Mortgage Originator License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $0
Surety Bond: $100,000
Education/Experience: None
Exemptions: Exemption from Bond Requirement went away on 12/31/2010
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$1,200 – Company License Fee
$1,000 – MN $100k Surety Bond
Mortgage Servicer
Residential Mortgage Servicer License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $0
Surety Bond: $100,000
Education/Experience: None
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$650 – Company License Fee
$1,000 – MN $100k Surety Bond
Regulated by:
Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101
Phone: 651-296-2135
Robin Brown | 651-282-9855