Mortgage Licensing Section
Company Licensing Interval Changes
Starting November 2020 your annual company license fee will be assessed through NMLS during the year end renewal period. Additional information can be found here.
Mortgage Company Licensing
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.
Mortgage Loan Originator Licensing
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.