Washington

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
WashingtonMortgage Broker License$1,001.00$150.00$200.00Call for More Information$1351.00
WashingtonConsumer Loan Company License$1,162.21$750.00$200.00Call for More Information$2122.21
WashingtonDebt Collection License$325.00$75.00$485.00Call for More Information$885.00

License: Consumer Loan Company License

  • Operating Status: Broker/Lender/Servicer
  • Bond Amount: $100,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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Consumer Loan

This license type does not require a WA Qualified individual. Company must have specific consumer complaint policies. Company must provide warehouse line of credit agreements from each warehouse provider. High bond amount of $100,000, unless company is only a servicer than $30,000 bond is needed.

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $20,000 - $60,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: No

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Mortgage Broker License

This license type has a low bond amount requirement of only $20,000. Company needs to have a WA qualified individual that meets WA designated broker registration requirements of pre-licensing and qualifications.

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