Utah Mortgage Licensing
Mortgage Banker or Broker
Mortgage Company License
Physical In-State Office Required: No
Qualifying Individual: Yes, 3 years mortgage experience, UT Principal Lending Manager (PLM) Test, UT NMLS Test, and 40 hours of education on top of the 20 hour NMLS Education Requirement
Minimum Net Worth: $ None
Surety Bond: None
Comments: Wholesale Lenders are exempt from licensing
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$325 – Company License Fee
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
$400 to $500 – PLM 40 hour Education Course
$66 – UT PLM Test
$69 – UT NMLS Test
$202 – UT PLM License Fee
Mortgage Servicer
Residential 1st Mortgage Notification
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ None
Surety Bond: None
Comments: This is not a license, just a notification.
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$200 – Notification Fee
Regulated by:
Utah Division of Real Estate
160 E 300 S
Salt Lake City, Utah 84114
Po Box 146711
Salt Lake City, Utah 84111
801-530-6747 | Fax 801-526-4387