Massachusetts Mortgage Licensing

Massachusetts is one of the few states that the lender license does not cover brokering activity as well. If you intend on conducting both activates you will need to obtain both licenses. MA requires you to be licensed in your home state (state that your corporate office is located in) before being authorized to submit an application as well as at least 1 control officer having at minimum 3 years of experience. MA also requires an Anti-Money Laundering (AML) Policy with most recent independent review. You are only permitted to utilize one Trade Name (DBA) with either license. Any additional DBA's will require a separate Trade Name License (OTN) with a total of 8 being allowed. A named QI is required for both licenses with different experience requirements, the broker requires 3 years and the lender requires 5 years. Although the QI does not need to hold the MA MLO license you must have at minimum 1 MA MLO on staff.

StateLicense NameState FeeBond Premium Est.
SOS FeeMLG Processing FeeTotal
MassachusettsMortgage Broker License$1,000$563$400Call for More Information$1,963
MassachusettsMortgage Lender License$1,500$750$400Call for More Information$2,650
MassachusettsThird Party Loan Servicer Registration$900$0$400Call for More Information$1,300

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $75,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Financial Type: Reviewed (past 2 years)

License: Mortgage Lender License

  • Operating Status: Lender
  • Bond Amount: $100,000
  • Net Worth: $200,000
  • Brick & Mortar: No
  • Financial Type: Audited (past 2 years)

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.**