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Become A Mortgage Broker In North Dakota

Article Summary: This article will help anyone looking for information pertaining to a mortgage license in the state of North Dakota or anyone looking to become a mortgage broker in North Dakota.

The North Dakota legislature has chosen not to create a separate Mortgage Broker License, but rather issues a Money Broker License. Administered through the North Dakota Department of Financial Institutions, this license allows an individual or company to handle both first and second mortgages in the state.

To become a Mortgage Broker applicants pay $400 with the application, and $300 for the annual license fee. Mortgage Brokers do not need to maintain a physical office in the state.

Money Brokers who function as Mortgage Brokers in North Dakota do not belong to the National Association of Mortgage Brokers (NAMB), www.namb.org.

We also offer information and resources for North Dakota Commercial Mortgage.

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