Maryland Mortgage Licensing | Maryland Department of Labor, Licensing, and Regulation

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Mortgage Banker or Broker | Mortgage Lender License

• Physical In-State Office Required: No
  
• Qualifying Individual: Yes, owner or officer with 3 years mortgage experience (Verified by resume)
  
• Minimum Net Worth: $25,000 (broker) to $250,000 depending on volume (Lender’s Only) – CPA Compiled
  
• Surety Bond: $50,000 to $150,000 depending on loan volume.
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  
• Education/Experience:  One owner/officer must have at least 3 years of mortgage experience
  
• Comments: Owners of 25% or more of the company were previously exempt from loan originator licensing. This exemption was eliminated on 7/31/09.

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$100 – Foreign Entity Fee
$125 – Registered Agent Fee
$500 to $1,500 – Surety Bond Fee (Depending on nationwide loan volume)
$1,200– Company License Fee 

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Regulated by:
Maryland Department of Labor, Licensing, and Regulation
500 North Calvert Street, Suite 402 
Baltimore, MD 21202 
Telephone: (410) 230-6100
Reviewers
Juan Sempertegui - (410)230-6102 - [email protected] - Director of Licensing
Keisha L. Whitehall Wolfe - (410) 230-6362 - [email protected] - Supervisor of Licensing
Arlene Williams - (410) 230-6068 - [email protected]
Brandy Emerick (410) 230-6023 - [email protected]
Betty McBride (410) 230-6150 - [email protected]
Doretha Vassor - (410) 767-0284 - [email protected]
Ms. Johnson - (410) 230-6081 - [email protected]
Ayanna Jackson-Daugherty - [email protected] - 410-767-0401
Ms. Daugherty - (410) 767-0401 - [email protected]
Betty Flint - (410) 767-0269 - [email protected]
George Walp - (410) 767-0731
Chenyl Robinson - (410) 230-6088 - Fingerprint Card Requests 
Licensing Main Number - (410) 230-6155
Fax: (410) 333-0475 and (410) 333-0554
http://www.dllr.state.md.us/finance/