Minnesota

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
MinnesotaResidential Mortgage Originator License$1100.00$750.00$400.50Call for More Information$2250.50
MinnesotaDebt Collection License$1000.00$300.00$482.00Call for More Information$1782.00

License: Residential Mortgage Loan Originator License

  • Operating Status: Broker/Lender
  • Bond Amount: $100,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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Residential Mortgage Originator License

Fairly simple application. MN requires a high bond amount required $100,000. MN does not require a Qualified Individual. Note to branches:  Branch application is ONLY needed if your branch office will be located in MN.

License: Residential Mortgage Servicer License

  • Operating Status: Servicing
  • Bond Amount: $100,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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