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License Finder

License Finder

Mortgage Broker, Mortgage Banker, Mortgage Servicer
License Description Mortgage Broker means a person who for compensation: (A) Accepts or offers to accept an application for a mortgage loan; (B) Solicits or offers to solicit a mortgage loan; (C) Negotiates or offers to negotiate the terms or conditions of a mortgage loan; or (D) Issues or offers to issue mortgage loan commitments or interest rate guarantee agreements to borrowers. Mortgage Banker means a person who engages in the business of making mortgage loans for compensation. Mortgage Servicer means a person who receives from or on behalf of a borrower: (A) Funds or credits in payment for a mortgage loan; or (B) The taxes or insurance associated with a mortgage loan. Requirements: 1) Must submit an application. 2) Must be bonded. 3) Must submit an audited financial statement. 4) Each branch office must be licensed. Initial filing fee: $750.00, Renewal filing fee: $350.00, Branch Office fee: $100.00, Branch Office renewal fee: $100.00
Licensing Agency
Arkansas Department of Commerce
1 Commerce Way, Suite 402
Little Rock, AR 72202-2086
(501) 324 9260
asdinfo@arkansas.gov
Active Status Active
Active Military/Veterans A temporary license is available to military and spouses until formal license approval
Criminal Record Any conviction is prohibited
Exam No exam required
License Type Register with licensing agency
License Updated 06/28/2022
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