Washington Mortgage Licensing

Mortgage Broker and/or Lender Licensing

Washington Consumer Loan Company License

Physical Office Requirement:  No
Minimum Net Worth: Not Required
Financial Statements:  Not Required
Surety Bond Amount Required:  $30,000
Company NMLS License Fee:  $1,162

Mortgage Broker Licensing

Washington Mortgage Broker License

Physical Office Requirement:  No
Qualifying Individual Requirement:  Yes, has to take WA Designated Broker Test
Net Worth:  Not Required
Financial Statements:  P & L and Balance Sheet
Surety Bond Amount Required:  $20,000
Company License Fee:  $1,001

Agency Contact:

Department of Financial Institutions
Division of Consumer Services
150 Israel Rd SW
Tumwater WA 98501
Phone: 360-902-8703 options 2, 3, 1
E-mail: MortgageLicensing@dfi.wa.gov