Alaska Mortgage Licensing

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.