offered by
related to

Apply for a mortgage lender or mortgage broker license

All mortgage lenders or mortgage brokers doing business in Massachusetts be licensed by the Division of Banks (DOB).

Division of Banks

Phone

Open Monday through Friday 9:00 am - 5:00 pm.

Open Monday through Friday 9:00 am - 5:00 pm.

Open Monday through Friday 9:00 am - 5:00 pm. Use this number if you are hearing impaired.

The Details of Apply for a mortgage lender or mortgage broker license

What you need for Apply for a mortgage lender or mortgage broker license

To get a license to conduct business as a mortgage broker or mortgage lender in Massachusetts, you must satisfy the requirements of the DOB’s regulation. This includes a business experience requirement.

A license is not required for a mortgage lender or broker making and/or originating fewer than 5 mortgage loans in any period of 12 consecutive months. However, such mortgage entities are required to register on the NMLS as “exempt entities” so that their mortgage loan originators can become properly licensed in Massachusetts.

All fees below are for both mortgage broker licenses and mortgage lender licenses unless otherwise noted. 

Fees for Apply for a mortgage lender or mortgage broker license

Name Fee Unit
Mortgage broker license fee* $600 per license
Mortgage lender license fee ** $1,100 per license
Additional branch fee $50 per additional branch
Investigation fee $300 per license
NMLS processing fee $100 per license
Credit report fee $15 per control person
FBI criminal background check fee $36.25 per owner and control person

How to apply Apply for a mortgage lender or mortgage broker license

All Mortgage Lender or Mortgage Broker license applications are submitted online using the NMLS with any supporting documents being mailed to the DOB.

If you are associated with a company, it is important that you check in with your company before creating or completing a record in the NMLS.

Mail documents to the DOB:

Massachusetts Division of Banks

Loan Originator Licensing

1000 Washington Street, 10th Floor

Boston, MA 02118

More info about Apply for a mortgage lender or mortgage broker license

* The mortgage broker license fee includes a $100 Lead Paint Surcharge Fee in accordance with Chapter 482, section 22 of the Acts of 1993.

** The mortgage lender license fee includes a $100 Lead Paint Surcharge Fee in accordance with Chapter 482, section 22 of the Acts of 1993

Downloads for Apply for a mortgage lender or mortgage broker license

Contact for Apply for a mortgage lender or mortgage broker license

Address
Main Office
1000 Washington Street, 10th Floor, Boston, MA 02118-6400
Phone

Open Monday through Friday 9:00 am - 5:00 pm.

Open Monday through Friday 9:00 am - 5:00 pm.

Open Monday through Friday 9:00 am - 5:00 pm. Use this number if you are hearing impaired.

Fax
(617) 956-1599

Feedback

Did you find what you were looking for on this webpage? * required
We use your feedback to help us improve this site but we are not able to respond directly. Please do not include personal or contact information. If you need a response, please locate the contact information elsewhere on this page or in the footer.
We use your feedback to help us improve this site but we are not able to respond directly. Please do not include personal or contact information. If you need a response, please locate the contact information elsewhere on this page or in the footer.

If you need to report child abuse, any other kind of abuse, or need urgent assistance, please click here.

Feedback