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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Exempt Mortgage Banker License-MH Companies who makes “Chattel-Only” loans as a direct lender on Manufactured Homes and employ individuals required to be licensed under Article 12-E of the New York Banking Law. Applicants must also complete and submit a branch office application Branch Form (MU3) for each additional branch office requested as part of this application. The Department will process no more than two branch applications as part of the initial Exempt Mortgage Banker License-MH application.
Exempt Mortgage Banker License-NP Nonprofit organization, including nonprofit Single Purpose Limited Liability Subsidiaries, engaged in making loan (loans are closed in the name of the nonprofit organization) that wish to be considered for exemption must submit an application through the NMLS for exemption under this license. (More Details)
Exempt Mortgage Broker Registration-NP Nonprofit organizations that facilitate mortgage loan origination through a Single Purpose Limited Liability subsidiary (SPLLS) or solicit, process, negotiate or place loans on behalf of a third-party must submit an application through the NMLS for exemption under this license. (More Details)
Exempt Mortgage Loan Servicer Registration This registration is available for any company exempt from the mortgage loan servicer registration requirements pursuant to Section 590(2)(b-1) of the New York Banking Law. (More Details)
Mortgage Banker License This license is required by any company or sole proprietorship who for compensation or gain directly or indirectly advances funds or issues commitments to make mortgage loans. (More Details)
Mortgage Broker Registration This registration is required by any company or sole proprietorship who for compensation or gain directly or indirectly accepts, assist, solicit, process, negotiate, or offer to accept, assist solicit, negotiate or process a mortgage loan with a lender on behalf of a third party. (More Details)
Mortgage Loan Servicer Registration This registration is required by any company or sole proprietorship who receives scheduled periodic payments from a borrower pursuant to the terms of any mortgage loan, including amounts for escrow accounts and making payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the mortgage loan documents or servicing contract. In the case of a reverse mortgage, servicing includes making payments to the borrower. (More Details)
Branch Licenses Description Requirements Checklist
Exempt Mortgage Banker Branch License-MH Exempt Manufactured Home Lenders that solicit or process loans from locations other than its principal place of business, irrespective of whether the only contact such locations have with applicants is by internet, telephone, facsimile or other electronic process are required to have this license.
Mortgage Banker Branch License This license is required for all mortgage banker locations, separate from the main office as identified on Form MU1, at which loan solicitation and/or loan processing takes place irrespective of whether the only contact with an applicant from that location is by internet, telephone, facsimile or other electronic process. (More Details)
Mortgage Broker Branch Registration This license is required for all mortgage broker locations, separate from the main office as identified on Form MU1, at which loan solicitation and/or loan processing takes place irrespective of whether the only contact with an applicant from that location is by internet, telephone, facsimile or other electronic process. (More Details)
Mortgage Loan Servicer Branch Registration This registration is required for all mortgage loan servicer locations, separate from the main office as identified on Form MU1, at which mortgage loan servicing takes place irrespective of whether the only contact such locations has with borrowers is by internet, telephone, facsimile or other electronic process. (More Details)
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License Authorizes individuals to engage in mortgage loan origination activities (More Details)
 

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