Connecticut
Connecticut has four different licenses; a mortgage Broker, mortgage Lender, Correspondent Lender and mortgage Servicer license. Tangible net worth requirement for a broker and a correspondent lender is $50k, a lender is $250k and a servicer only requires a positive net worth. All license types require a bond that may increase depending on your licensed locations or your total loan volume in CT. All licenses require a named QI that is located at the corporate office that has 3 out of the last 5 years of experience, resides within 100 miles driving distance from the corporate office and shows capability of full time supervision over CT activity.
The lender and the servicer licenses do have some additional requirements such as a Fidelity Policy, E&O coverage, as well as the state will review the companies past MCR's for accuracy and require any errors to be correct prior to approval.
**The Correspondent Lender License is intended for companies engaged in the business of making residential mortgage loans in such company's own name where the loans are not held by such company for more than 90 days and are funded by another person through a warehouse agreement, table funding agreement or similar agreement. If you are funding the loans with your own funds you will need the lender license.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Connecticut | Mortgage Broker License | $620 | $375 | $500 | Call for More Information | $1,495 |
| Connecticut | Mortgage Lender License | $1,120 | $750 | $500 | Call for More Information | $2,370 |
| Connecticut | Mortgage Servicer License | $1,120 | $750 | $500 | Call for More Information | $2,370 |
| Connecticut | Mortgage Correspondent Lender License | $1,120 | $750 | $500 | Call for More Information | $2,370 |
License: Mortgage Broker License
- Operating Status: Broker
- Bond Amount: $50,000
- Net Worth: $50,000
- Brick & Mortar: No
- Financial Type: Unaudited
License: Mortgage Lender License
- Operating Status: Broker/Lender/Servicer
- Bond Amount: $100,000 per licensed location
- Net Worth: $250,000
- Brick & Mortar: No
- Financial Type: Unaudited
License: Mortgage Servicer License
- Operating Status: Servicer
- Bond Amount: $100,000 per licensed location
- Net Worth: Positive
- Brick & Mortar: No
- Financial Type: Unaudited
License: Mortgage Correspondent Lender License
- Operating Status: Broker/Lender
- Bond Amount: $100,000
- Net Worth: $50,000
- Brick & Mortar: No
- Financial Type: Unaudited
For more information or to speak to a representative for your state
call us today at 760-295-4040
**Fees & terms are subject to change without notice.**
To obtain a mortgage broker license in Connecticut, applicants must apply through the Nationwide Multistate Licensing System (NMLS) and comply with the state’s detailed financial and supervisory requirements. Connecticut maintains a compliance-driven licensing process overseen by the Department of Banking, with a strong emphasis on consumer protection, operational oversight, and financial responsibility.
Connecticut requires every mortgage broker applicant to designate a Qualified Individual (QI) for the main office, along with licensed branch managers for each branch location. The QI and branch managers must have recent mortgage industry experience and must hold an active mortgage loan originator license. This supervisory structure reflects the state’s focus on experienced management and accountability.
Unlike many states, Connecticut imposes both tangible net worth and surety bond requirements for mortgage brokers. Applicants are also required to submit financial statements, organizational documents, work experience records, and disclosure information as part of the review process.
While Connecticut does allow remote work arrangements under certain regulatory guidance, the state still expects companies to maintain proper supervision and compliance controls. The licensing review process can be thorough, particularly when documentation is incomplete or financial requirements are not clearly satisfied. Companies seeking a Connecticut mortgage broker license should prepare carefully and ensure all filings are accurate and comprehensive to avoid delays.