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Does each branch location of a licensed mortgage banker or mortgage broker need its own license?

April 26, 2017banker branch license licensed location mortgage mortgage broker

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Does each branch location of a licensed mortgage banker or mortgage broker need its own license?

1 Answer

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No, the division does not license individual branches. However, any individual performing loan originator activities at a branch must be properly registered as a loan originator working on behalf of the mortgage banker or mortgage broker.