Oklahoma

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
OklahomaMortgage Broker License$1760.00$0.00$475.50Call for More Information$2235.50
OklahomaMortgage Lender License$1760.00$750.00$475.50Call for More Information$2985.50
OklahomaNo License/No COA$0.00$0.00$0.00Call for More Information$0.00

License: Mortgage Lender License

  • Operating Status: Broker/Lender
  • Bond Amount: $100,000
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: Yes

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Mortgage Lender License

OK company license applications are one of the more expensive at almost $2,000. OK requires your qualified individual to be a licensed OK MLO. Financial statements must reflect a net worth of at least $25,000. This license also requires a high bond amount of $100,000.00.

Note to branches: There are two different branch licenses, one for brokers and one for lenders. Broker/lender branch application cost is approximately $700. BM must have an OK MLO license.

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $0
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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Mortgage Broker License

OK company license applications are one of the more expensive at almost $2,000. OK requires your qualified individual to be a licensed OK MLO. There is no net worth requirement for this license type, but your company will need unaudited financial statements dated within 90 days of your fiscal year end. No bond is required for this license type.

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