Tips For An Error Free Loan Originator Application

To maximize our efficiency and process complete applications for licensure, we quickly review each applicant's material when it arrives. We reject incomplete applications for completion. Help us to help you by providing all the information requested before mailing them to DFI.

DFI expects licensees to meet high ethical and performance standards. Often consumers' money is in your hands. Attention to detail and the law is a requirement for licensees and it starts with the licensing application.

Below are the most common reasons why a Loan Originator application is rejected.

1. Jurisdiction-Specific requirements not received.
2. Company failed to submit a Sponsorship Request for Loan Originator License. If applicant wants an inactive license, then this does not need to happen.
3. Fingerprint cards not completed correctly.
4. Company’s surety bond isn’t the right type to cover how the Loan Originator is compensated.
5. 5. Loan Originator lives beyond reasonable commute distance from work location.

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