Arkansas

Things to know: The state reviews applications in a very timely manner – within 30 days usually. Each branch wishing to conduct business with AR consumers will need a AR branch license applicable to company licensure.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
ArkansasMortgage Banker License$850.00$750.00$500.00Call for More Information$2100.00
ArkansasMortgage Broker License$850.00$750.00$500.00Call for More Information$2100.00
ArkansasDebt Collection License$140.00$150.00 - 375.00$650.00Call for More Information$940.00

License: Combo Mortgage Broker / Banker / Servicer License

  • Operating Status: Broker/Lender
  • Bond Amount: $100,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: Yes

License: Mortgage Banker License

  • Operating Status: Lender
  • Bond Amount: $100,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: Yes

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $100,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: No

License: Mortgage Servicer License

  • Operating Status: Servicer
  • Bond Amount: $100,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: No

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Mortgage Banker License

AR state application fee is relatively inexpensive and simple. AR QI must meet the following qualifications: have three (3) years of experience in mortgage lending or other experience or competency acceptable to the commissioner. AR requires a high bond amount in $100,000. Audited financials must show a net worth of at least $25,000.

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Mortgage Broker License

AR state application fee is relatively inexpensive and simple. AR QI must meet the following qualifications: have three (3) years of experience in mortgage lending or other experience or competency acceptable to the commissioner. AR also requires a high bond amount in $100,000.

For more information or to speak to a representative for your state call us today at 866-576-7726