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Ohio Mortgage License

Having Ohio mortgage license is a legal necessity for home loan brokers and bankers who are thinking to run loan lending and selling business in the state. The recent booming of the real estate industry in Ohio offers a real good change for those individuals who are interested in real estate investments . Entering the mortgage business can prove to be profitable when we consider the number of citizens seeking for home loans to buy their homes. The role of home loan brokers have expanded and becoming a licensed mortgage broker in Ohio can be a promising career. It is very essential to have a clear understanding of all the Ohio mortgage licensing process if you are thinking to become a loan broker in the state.

OH Mortgage Broker License

Ohio mortgage broker license in regulated by the Financial Institutions Division of the Ohio Department of Commerce. As an applicant for the state broker license, you are required to fulfill the following mortgage licensing requirements in Ohio.
  • First of all, you are required to submit an application together with a fingerprint card, a zoning permit, a registration fee and a photograph of your office location.
  • The lending authority requires you to maintain a surety bond of $50,000.
  • You should also provide and evidence for a minimum experience of three years in the lending business.
  • As an applicant, you should also have a physical office within the state.
  • The lending division will make a criminal background check to make sure that you are not involve in any criminal offense.
  • You can renew the certificate of registration by filling the renewal application and paying the annual registration fee.
  • Each loan officer of your company should also be individually registered with the licensing division.
  • You are also required to submit proof for completing continuing education.
  • An amount of $350 should also be paid as non-refundable state application fee.

Mortgage Licensing Companies

The state license for mortgage brokers is valid for only one year period and the applicants are required to renew it in time. If you want to get your mortgage license without facing much difficulties then there are many real estate schools and licensing companies that could offer you the best of services. A reliable real estate school or a mortgage licensing company will offer you a number of licensing courses and training programs that will allow you to get your license without facing much hassles.
At, you can get all the information that you need to become a licensed mortgage broker in the Ohio. The site provide comprehensive details on mortgage licensing, education and training courses available in the state.
American Mortgage Licensing
American Mortgage Licensing can surely help you get your mortgage broker license in Ohio. They also provide details on mortgage licensing requirements prevailing in the state of Ohio.
Ohio Department of Commerce
Ohio Department of Commerce handles the mortgage licensing process in Ohio. The department provide online availability where all the information of their services are offered.

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