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Become A Mortgage Broker In Kansas
The Division
of Consumer and Mortgage Lending of the Office of
the State Bank Commissioner (OSBC) supervises all aspects of the Mortgage Broker
business in Kansas. A separate Mortgage Broker license is not required for negotiating
second mortgages.
All Kansas 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 Kansas-required content. A
minimum of eight hours per year of continuing
education is required per year, per the SAFE act.
The licensing fee for NMLS for Loan
Originators is $194. The licensing fee for a broker
is $1,000. Click on the links in the preceding sentences for more details about each
license.
A Bona Fide Office is one located in Kansas that is accessible to the public, has regular
hours of operation, and is not in a personal residence. Those Mortgage Broker applicants
who will have a Bona Fide Office in Kansas need to provide a $50,000 Surety Bond.
Mortgage Broker applicants who will not have a Bona Fide Office in Kansas must provide a
$100,000 Surety Bond, plus must submit proof in the form of audited financial statements
of having a minimum net worth of $50,000.
The Kansas Association of
Mortgage Brokers (KAMB), is an affiliate of the National Association of Mortgage
Brokers (NAMB). As residential real estate finance
professionals, the association members welcome helping you as you become a Mortgage Broker
in Kansas.
Kansas Mortgage Forms
|
Kansas Reciprocity States
|
- Most Mortgage forms can be obtained online.
Ones listed below pertain to new salespersons and
brokers.
- List of
Continuing Education Courses
- Fee
Summary
- Surety
Bon Form
|
N/A
(as of 2/23/2010)
|
Kansas 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 Division of Consumer and
Mortgage Lending website for the latest list of approved schools. |
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Anonymous Loan Representative University Mortgage Hackensack NJ 07601 |
(201) 820-4420 |
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YOUR MESSAGE HERE
Become A Mortgage Broker In Kansas
The Division
of Consumer and Mortgage Lending of the Office of
the State Bank Commissioner (OSBC) supervises all aspects of the Mortgage Broker
business in Kansas. A separate Mortgage Broker license is not required for negotiating
second mortgages.
All Kansas 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 Kansas-required content. A
minimum of eight hours per year of continuing
education is required per year, per the SAFE act.
The licensing fee for NMLS for Loan
Originators is $194. The licensing fee for a broker
is $1,000. Click on the links in the preceding sentences for more details about each
license.
A Bona Fide Office is one located in Kansas that is accessible to the public, has regular
hours of operation, and is not in a personal residence. Those Mortgage Broker applicants
who will have a Bona Fide Office in Kansas need to provide a $50,000 Surety Bond.
Mortgage Broker applicants who will not have a Bona Fide Office in Kansas must provide a
$100,000 Surety Bond, plus must submit proof in the form of audited financial statements
of having a minimum net worth of $50,000.
The Kansas Association of
Mortgage Brokers (KAMB), is an affiliate of the National Association of Mortgage
Brokers (NAMB). As residential real estate finance
professionals, the association members welcome helping you as you become a Mortgage Broker
in Kansas.
Kansas Mortgage Forms
|
Kansas Reciprocity States
|
- Most Mortgage forms can be obtained online.
Ones listed below pertain to new salespersons and
brokers.
- List of
Continuing Education Courses
- Fee
Summary
- Surety
Bon Form
|
N/A
(as of 2/23/2010)
|
Kansas 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 Division of Consumer and
Mortgage Lending website for the latest list of approved schools. |
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