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.

StateLicense NameState FeeBond Premium Est.
SOS FeeMLG Processing FeeTotal
Utah - DREMortgage Entity License$325N/A$54Call for More Information$379
Utah - DFIResidential First Mortgage Notification$300N/A$54Call 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

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

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.**