How to Get a Mortgage Broker License in Maryland

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2 thoughts on “How to Get a Mortgage Broker License in Maryland

    1. Maryland does not require you to have prior experience as a loan officer to apply for a mortgage broker license. However, you will need to designate a Qualifying Individual who has at least three years of experience in the mortgage lending business. This doesn’t necessarily have to be you — it can be the proprietor, co-venturer, general partner, principal officer, or member of the business.

      According to Maryland Financial Institutions Article, §11-506, an individual meets the requirement if they have:
      – Closed at least 12 mortgage loans per year for each of the 3 years, OR
      – Worked at least 20 hours per week in the mortgage lending industry for each of the 3 years
      They must verify their experience by uploading a detailed resume that should include:
      – Job title
      – Employer name & full address
      – Start and end dates (month/year format)
      – Description of duties & responsibilities

      If you’re looking for additional guidance, here’s a state-by-state licensing checklist by NMLS: https://mortgage.nationwidelicensingsystem.org/slr/SitePages/Checklist-Compiler.aspx
      If you need further help navigating the licensing process or securing your bond, feel free to reach out.

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