Annual Report of Activity

Update to Annual Report of Activity Requirement: No separate 2017 annual report of activity will be required to be submitted to our office this year. We will utilize the information your company files in the NMLS’ Mortgage Call Reports (MCR) and account attestations to satisfy the reporting requirement pursuant to 443.885 RSMo and 20 CSR 1140-30.300. Read more...

Loan originators can apply to renew license. Click here.

Mortgage Loan Broker Licensing Transition

Sections 443.701 - 443.893 RSMo, authorizes the Division of Finance to enforce laws regulating residential mortgage brokers and mortgage originators. Enforcement includes licensing and investigative powers.

A license is required to broker, fund, service or purchase residential mortgage loans unless the individual or company qualifies for an exemption. Before issuing a license, the Division of Finance is required to investigate each applicant for character, general fitness, experience and financial responsibility.

As of July 31, 2010, a license is required for all residential mortgage originators. This includes owners of mortgage broker companies if they interact with consumers in processing mortgage applications. Originators employed by depository institutions are exempt. Visit our forms and requirements page for application forms and details.

Veterans reimbursement for licensing exams

Veterans taking a state licensing examination required by the department can be reimbursed for the cost of the exam. Click here to learn more about exam reimbursement for veterans.

The Residential Mortgage Board approves or disapproves regulations proposed by the Commissioner of Finance with respect to mortgage brokering. The board also hears and determines appeals from denials or revocations of mortgage broker licenses or decisions of the Commissioner pertaining to mortgage brokering.