Alaska Mortgage Broker / Lender License
One of the things that makes Alaska different from other states, is that they require a current state issued business license. Alaska also requires at minimum 2 control officers within the company. Audited financial statements are not required necessarily, but Alaska will require audited financials if they are available. While Alaska has one of the highest fees needed to apply, they also add on an additional $75 per hour investigative cost. This is incurred by the department reviewing and investigating the license application and will be invoiced via NMLS. An Other Trade Name (OTN) license is required for each trade name (DBA) that you intend to use in the state and is limited to a total of 6.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Alaska | Mortgage Broker / Lender License | $1,620 | $563 | $426 | Call for More Information | $2,609 |
License: Mortgage Broker / Lender License
- Operating Status: Broker/Lender
- Bond Amount: $75,000
- Net Worth: $0
- Brick & Mortar: No
- Financial type: Unaudited
For more information or to speak to a representative for your state
call us today at 866-576-7726
**Fees & terms are subject to change without notice.**
Obtaining an Alaska mortgage broker license comes with several unique state-specific requirements. Unlike many other states, Alaska requires applicants to first secure a current Alaska business license before submitting their application through the NMLS. Additionally, each company must designate at least two control officers responsible for ensuring compliance with state and federal lending regulations.
While audited financial statements are not mandatory, they must be provided if available. Alaska is also recognized for having higher application costs compared to most states. Beyond the standard filing fees, the Division of Banking and Securities applies an investigative charge of $75 per hour, billed through NMLS, to cover the time spent reviewing and processing each application.
Companies planning to operate under multiple names should note that Alaska requires a separate Other Trade Name (OTN) license for each DBA. A single entity may register up to six trade names for use within the state.
Despite the additional steps and expenses, earning approval for an Alaska mortgage broker license establishes credibility and compliance within one of the nation’s most carefully regulated lending environments.