There are two entities in Utah, the DRE and the DFI. The DRE mortgage entity license requires you to submit a separate license for each trade name, whereas the DFI residential first mortgage notification does not have this requirement and does not limit the number of trade names. Utah requires a principal lending manager to be appointed, the lending manager must take state specific education off the NMLS through Utah. A PLM is also a requirement for each Utah branch.
|State||License Name||State Fee||Bond Premium Est.||SoS Fee||MLG Processing||Total|
|Utah||Mortgage Entity License||$325.00||$0.00||$245.50||Call for More Information||$570.50|
|Utah||COA + Registration||$30.00||$150.00||$347.00||Call for More Information||$527.00|
License: Mortgage Entity License
- Operating Status: Broker/Lender
- Bond Amount: $0
- Net Worth: $0
- Brick & Mortar: No
- Audited Financials: No
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