Florida Mortgage Licensing

In Florida, a mortgage broker, mortgage lender, and mortgage servicer license applicant needs a Principal Loan Originator. Florida requires completion of a 20 hour education course and a passing grade on the National NMLS Test and Florida NMLS Test to obtain a Loan Originator License. You need at least one person to obtain the Loan Originator License to be listed as the Principal Loan Originator. The Mortgage Lender Servicer License allows a company to broker, lend, and service, the Mortgage Lender License allows a company to broker and lend, and the Mortgage Broker License just allows a company to broker.


 

Mortgage Servicer Licensing

Mortgage Lender Servicer License

Physical In-State Office Required: No
Qualifying Individual: Yes (Not Required to be located in Florida. Must complete FL LO License Requirements)
Minimum Net Worth: $250,000 (Audited)
Surety Bond: None

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
$800 – Company License Fee
$50 – FL Fingerprinting per Owner/Officer


 

Mortgage Banker Licensing

Mortgage Lender License

Physical In-State Office Required: No
Qualifying Individual: Yes (Not Required to be located in Florida. Must complete FL LO License Requirements)
Minimum Net Worth: $63,000 (Audited)
Surety Bond: None

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
$800 – Company License Fee
$50 – FL Fingerprinting per Owner/Officer


 

Mortgage Broker Licensing

Mortgage Brokerage Business License

Physical In-State Office Required: No
Qualifying Individual: Yes (Not Required to be located in Florida. Must complete FL LO License Requirements and must have 1 year of mortgage experience.)
Minimum Net Worth: $ None
Surety Bond: $ None

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
$525– Company License Fee
$50 – FL Fingerprinting per Owner/Officer


 

Regulated by:

Financial Services Commission
Office of Financial Regulation

200 E. Gaines Street
Tallahassee, FL 32399
Michael Sheppard | Analyst Supervisor | Michael.Sheppard@flofr.com | 850-410-9555
Christie Olette  | 850-410-9807
Brandon Slisz | brandon.slisz@flofr.com | 850-410-9673
Tonya Knight | Tonya.Knight@flofr.com | 850-410-9570
Jimmy Chien | jimmy.chien@flofr.com
Jason Romero | Jason.Romero@flofr.com | 850-410-9851
Thomas Spock | Compliance Manager | 813-218-5321
Telephone: 850-410-9805
Fax: 850-410-9882