Maryland mortgage licensing

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Log In Create Account. Mortgage education, on your time. You must have Javascript enabled to see this menu. Notice: JavaScript is not available in your browser. Some enhanced features will not be available until JavaScript is enabled. A Mortgage Broker is a business that for a fee, or other valuable consideration, whether received directly or indirectly, aids or assist a borrower in obtaining a mortgage loan and is not named as a lender in the agreement, note, deed of trust, or other evidence of the indebtedness.

A Mortgage Servicer is a business that engages in whole or in part in the business of servicing mortgage loans for others or collects or otherwise receives payments on mortgage loans directly from borrowers for distribution to any other person. This includes a subservicer, as well as a business that owns mortgage servicing rights but contracts with a subservicer.

An Exempt Entity is 1 a subsidiary or affiliate of any bank, trust company, savings bank, savings and loan association, or credit union incorporated or chartered under Maryland law, or any other-state bank defined in Md. To qualify for this exemption, the subsidiary or affiliate must also be subject to audit or examination by a Maryland regulatory body or agency or the state where the subsidiary or affiliate maintains its principal office. Refer specifically to Md. Maryland Consumer Loan Law , et seq.

This license should only be applied for by a person that also holds or is applying for a Maryland Money Transmitter License. Code, Fin. An individual is eligible for this license if the individual: 1 originates mortgage loans only on behalf of a financial institution that is described in Md.

More Details New Application Amendment Surrender Mortgage Loan Originator License A Mortgage Loan Originator is an individual who for compensation or gain, or in the expectation of compensation or gain, takes a loan application or offers or negotiates the terms of a mortgage loan.

State Licensing. Professional Standards. Course Providers. Electronic Surety Bond. NMLS Modernization. State Examination System. NMLS News. Proposals for Comment. Release Notes. State Licensing Requirements.

Common Requirements. Criminal Background Check. Credit Report. Approved Topics. State Education Notices. Functional Specification. Course Resources. Rules of Conduct for Students. Provider Working Group. Late CE Approval. Comments or Questions. Surety Company. Surety Bond Producer. Quick Guides - Company. Quick Guides - Individual. Report Samples. Training Workshops. Annual Renewal. Advance Change Notice. ESB for Licenses. Financial Statements. Mortgage Call Report.