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Become A Mortgage Broker In Connecticut
Posted to: Mortgage License Information
Thursday, September 04, 2008 4:26 PM

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The Department of Banking oversees all aspects of the Mortgage Broker businesses in Connecticut, and their offices are located in Hartford.

All Connecticut mortgage licenses are handled through the National Mortgage Licensing System. Prelicensing requirements include approved courses that are 20 or more hours and contain 3 hours of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus 12 or more hours of electives. This may be in addition to Connecticut-required content. Continuing Education Requirements include at least eight hours of NMLS approved instruction.

The licensing fee for NMLS for Loan Originators is $369, and the fee for Mortgage Broker is $600.  Click on the link in the preceding sentence for more details about each license.



Connecticut mortgage broker applicants provide a Surety Bond in the amount of $40,000 for each office that they maintain, branch or otherwise. They also must provide financial statements and history of their past experience

The Connecticut Society of Mortgage Brokers (CSMBCT), is an affiliate of the National Association of Mortgage Brokers (NAMB) . The CSMBCT actively supports legislation that promotes a higher quality of professionalism among Mortgage Brokers, and can provide up-to-the-minute information to anyone who wants to become a Mortgage Broker in Connecticut.

Connecticut Mortgage Forms

Connecticut Reciprocity States

  • Most mortgage forms can be obtained online. Ones listed below
    pertain to new salespersons and brokers.
  • Connecticut Mortgage Originator License FAQ
  • Overview of the NMLS

 

N/A

(as of 2/23/2010)

 

Connecticut Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges
N/A
Private Schools

Abacus Mortgage Training
McKissock.com
TheMortgageTrainingCenter.com
Training Pro
Last Update:  2/22/2010
This list may not include all approved schools. Please visit the Department of Banking website for the latest list of approved schools.



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Mortgage Rates:
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  • 15 Yr FRM 3.26%
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  • 30YR FNMA 5.0 108-00 (0-01)
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  • 30YR FNMA 5.5 108-28 (-0-05)
Recent Housing Data:
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  • Refinance Index 26.40%
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