Puerto Rico Mortgage Licensing
Puerto Rico offers two licenses for mortgage industry companies Mortgage Broker and a Mortgage Lender/Servicer License. Both of these licenses require all control officers to upload a current resume dated within 30 days of application submission. PR only allows one name per license so if your company intends to operate under a DBA you will need to obtain an OTN #1 license for each name.
| State | License Name | State Fee | Bond Premium | SoS Fee | MLG Processing | Total |
| Puerto Rico | Mortgage Broker | $1600.00 | $750.00 | $250.00 | Call for More Information | $2600.00 |
| Puerto Rico | Mortgage Lender/Servicer | $3850.00 | $3750.00 | $250.00 | Call for More Information | $7850.00 |
License: Mortgage Broker
- Operating Status: Broker
- Bond Amount: $100,000 + $5,000 for each branch location
- Net Worth: $10,000 Liquid + $5,000 Liquid for each branch location
- Brick & Mortar: N/A
- Financial Type: Audited
License: Mortgage Lender/Servicer
- Operating Status: Broker/Lender/Servicer
- Bond Amount: $500,000 + $10,000 for each branch location
- Net Worth: $200,000 Liquid + $125,000 for each branch location
- Brick & Mortar: N/A
- Financial Type: Audited
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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.**