Arizona State Licensing RequirementsContactDFI Loan Originator Licensing Department 2910 N. 44th Street Suite 310 Phoenix, AZ 85018 (602) 771-2800 Option 1 Education Requirements
High School Diploma or GED Highlights
Brick and Mortar State: Yes Who is required to be licensedA natural person who for compensation or gain or in the expectation of compensation or gain does any of the following:
Pre-requisites for license applications
Surety Bond/Recovery Fund
Every mortgage loan originator must be covered under a surety bond or recovery fund. Satisfaction of this requirement can be met by one of the following:
Issuance and Location of License
AzDFI will forward the mortgage loan originator’s license to the employing mortgage broker, mortgage banker or consumer lender once the following has occurred:
The employing mortgage banker, mortgage broker or consumer lender shall keep and maintain the
originator’s license at the principal place of business in Arizona.
Within five business days after any licensee’s employment termination, the employing mortgage broker, mortgage banker or consumer lender shall do the following:
Need to purchase Pre-licensing or Continuing Education Courses?Use the links below for course schedules and information about NMLS Approved Pre-licensing Education (PE) or Continuing Education (CE).
Arizona NMLS Approved Pre-licensing Education Courses NMLS Requirements and FeesProcessing Fees for State Licensure
Processing Fees for Federal Registration
Professional Standards Fees
Notice: The information provided on this page is not legal advice and is shared for educational purposes only. The information provided is not a complete statement of all licensing requirements, additional licensing requirements may be required by state and/or other agencies. Other's who searched for this page also found these pages useful:
My Mortgage Trainer Home Page My Mortgage Trainer is approved by the NMLS to deliver National Pre-licensing and Continuing Education in all 50 states. NMLS Approved Course Provider #1400080.
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Last Updated ( Monday, 24 February 2014 ) |