Ohio

There are two different OH license types – OHBA or OMLA. This state is brick and mortar which requires your business to have a physical location open to the public for business – only if you have the OMBA. Note to branches:  There are separate branch applications depending on which company license you have. The branch applications are almost the same cost as the company applications.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
OhioMortgage Broker Act (OMBA) Certificate of Registration$600.00$375.00$300.50Call for More Information$1275.50
OhioMortgage Loan Act (OMLA) Certificate of Registration$450.00$375.00$300.50Call for More Information$1125.50
OhioCOA$0.00$0.00$419.00Call for More Information$419.00

License: Mortgage Broker Act (OMBA) Certificate of Registration

  • Operating Status: Broker/Lender
  • Bond Amount: $50,000
  • Net Worth: $0
  • Brick & Mortar: Yes
  • Audited Financials: Yes

Sample our License Ready program through our interactive United States Map!

Mortgage Broker Act (OMBA) Certificate of Registration

Application is relatively inexpensive. This license type requires a mortgage broker to have a physical registered location in OH at which business in conducted with the public. OH requires the qualified individual to be a licensed OH MLO and have experience of 3 years industry experience within the past six years. Direct owners and executive officers will be required to complete a FBI criminal background check. The surety bond must show the Principal’s aggregate loan amount of residential mortgage loans originated nationwide in the immediately preceding calendar year.

License: Mortgage Loan Act (OMLA) Certificate of Registration

  • Operating Status: Lender
  • Bond Amount: $50,000
  • Net Worth: $50,000
  • Brick & Mortar: Yes
  • Audited Financials: Yes

Run our License Calculator to estimate licensing costs with all 50 states!

Mortgage Loan Act (OMLA) Certificate of Registration

Application is relatively inexpensive.Direct owners and executive officers will be required to complete a FBI criminal background check.The surety bond must show the Principal’s aggregate loan amount of residential mortgage loans originated nationwide in the immediately preceding calendar year. This license type does not require a Qualified individual for licensure.

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