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Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Iowa or anyone looking to become a mortgage broker in Iowa. The Iowa Division of Banking (IDOB) , supervises and regulates all aspects of the licensing for Mortgage Brokers and Mortgage Lenders. A Mortgage Broker is considered to be anyone attempting to arrange or negotiate first mortgage loans or commitments for such loans on residential real property. In Iowa a Mortgage Broker is not authorized to make first mortgage loans and cannot be named as the lender on loan documents for them. However, a Mortgage Broker may make Consumer Loans, which includes second mortgages of $25,000 or less. Applicants who desire to become a Mortgage Broker in Iowa pay a $500 non-refundable original...