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 Federal and 2 hour FL education course and a passing grade on the National/UST 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

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

Florida Mortgage Licensing