Louisiana Mortgage Licensing

Louisiana has one license which is their broker/lender/servicer license. There are different requirements if you’re going to be a broker, lender, or servicer. Brokers must complete a form that includes listing the cost of services, a place for the originator and borrower to sign and space for the borrower’s address. If you’re a wholesale lender and don’t engage in retail lending, you must submit a completed wholesale lender statement. You will also have to demonstrate financial responsibility by providing authorization to the NMLS and commissioner to obtain an independent credit report from a consumer reporting agency. Louisiana does require a bond in the amount of $25,000 and will be required to be increased to $50,000 if total loan volume exceeds $100 Million in your previous calendar year.

StateLicense NameState FeeBond Premium Est.
SOS FeeMLG Processing FeeTotal
LouisianaResidential Mortgage Lending License$600$188$150Call for More Information$938

License: Residential Mortgage Lending License

  • Operating Status: Broker/Lender/Servicer
  • Bond Amount: $25,000
  • Net Worth: N/A
  • Brick & Mortar: No
  • Financial Type: N/A

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.**