Utah Mortgage Licensing
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. The Utah DFI does not require a named QI but the DRE does. The QI for the DRE must hold a special MLO license called the principal lending manager (PLM) license. The UT-PLM MLO application requires an additional 40 hours of off NMLS specific UT-PLM education to be completed as well as pass the UT-PLM Exam. A PLM is also a requirement for each branch location that wishes to apply to conduct UT business.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Utah - DRE | Mortgage Entity License | $325 | N/A | $54 | Call for More Information | $379 |
| Utah - DFI | Residential First Mortgage Notification | $300 | N/A | $54 | Call for More Information | $354 |
DRE - Mortgage Entity License
- Operating Status: Broker/Lender
- Bond Amount: N/A
- Net Worth: N/A
- Brick & Mortar: No
- Financial Type: Unaudited
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DFI - Residential First Mortgage Notification
- Operating Status: Servicing/Wholesale Lending
- Bond Amount: N/A
- Net Worth: N/A
- Brick & Mortar: No
- Financial Type: N/A
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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.**