Washington State Mortgage Brokers

Mortgage Brokers doing business in Washington State must be licensed with DFI's Division of Consumer Services.

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Licensing Apply For A License License Renewal New! Bond Requirements New! Loan Originator Licensing DB Licensing Test Continuing Education Verify A License Applications & Forms Examinations Information & FAQs Filing The Annual Report

Laws, Rules, & Rulemaking Rulemaking Activity Interpretive Letters Laws & Rules Commission Meetings Information & Dates Resources & FAQs FAQs Resources

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What's New

• Criminal Background Check through the NMLS for all new MLO applicants
  Effective January 25, 2010, all new MLO applications will require fingerprints to be on file with NMLS and request a federal criminal background check to be processed through NMLS. DFI will not issue a license until results from the federal criminal background check have been received.
• 2009 Mortgage Broker Annual Reports Due By 03/31/2010
  All 2009 Mortgage Broker Annual Reports are due to DFI no later than March 31, 2010.
  • 2009 Annual Report Instructions
• License Renewal Period Ended 12/31/2009
  The renewal period for Mortgage Broker licenses ended December 31, 2009. Licensees who did not successfully renew prior to December 31, 2009 have until February 28, 2010 to reinstate their expired license.
  
  Until the license is reinstated, the company cannot operate as a Mortgage Broker in Washington.
  • Reinstate An Expired License
• Final Rules (WAC 208-660) Filed - Effective 01/01/2010
  DFI has filed the CR-103. The new rules will become effective January 1, 2010.
  • Adopted Rules (PDF)*
  • Rulemaking Documents
• Loan Modifications - License Required
  Companies and individuals providing loan modification services in Washington must be licensed as mortgage brokers, consumer loan companies, or loan originators. Upfront fees for services are prohibited.
  • Loan Modification Services Licensing Information
• Loan Originators Working For CUSOs Can License Via The NMLS
  Residential mortgage loan originators working for Credit Union Service Organizations (CUSOs) can obtain a license via the NMLS. To sponsor their loan originators, CUSOs must register as exempt mortgage brokers on the NMLS. Please see DCU Bulletin B-09-01 for additional information about this federal licensing requirement.
  • Apply For A Loan Originator License
  • Register Your CUSO As An Exempt Mortgage Broker

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Laws & Rules

Mortgage Broker Laws (RCW 19.146) Consumer Loan Laws (RCW 31.04) Mortgage Lending and Homeownership Law (RCW 19.144)

Mortgage Broker Rules (WAC 208-660) Consumer Loan Rules (WAC 208-620) Mortgage Lending and Homeownership Rules (WAC 208-600)

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1 Page Disclosure Summary Forms

Washington law requires disclosure of certain material terms of residential mortgage loans. For more information, see WAC 208-600-200.

Fixed Rate Loan Form Print Only PDF* Word Version**	Variable Rate Loan Form Print Only PDF* Word Version**
Form Instructions: Disclosure Summary Forms Instructions (PDF)*

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Frequently Asked Questions (FAQs)

Answers from DFI to frequently asked questions.

Mortgage Broker Practices Act  FAQs

Examination FAQs

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Resources

Helpful resources for both industry and consumers.

Industry Interpretive Letters Statement On Subprime Mortgage Lending Guidance On Nontraditional Mortgage Product Risks FTC Red Flags Rule

Consumers Verify A WA Mortgage Broker License Nationwide License Verification System Foreclosure Assistance Guide to Home Loans Guide To Interest Rates In Washington State

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Mortgage News and Information Newsletters

Spring 2008 Fall 2007

Spring 2007 (PDF)*

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Contact Us

Our office hours are 8 am - 5 pm  PST. (Monday-Friday)

Phone:	(360) 902-8703	Toll Free:	1-877 RING DFI (746-4334)
Fax:	(360) 664-2258	Email:	dcs@dfi.wa.gov

Mailing Address

For U.S. Postal Service: Department of Financial Institutions Division of Consumer Services PO Box 41200 Olympia WA 98504-1200

For Overnight Delivery: Department of Financial Institutions Division of Consumer Services 150 Israel Rd SW Tumwater WA 98501

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.

** This document is a Microsoft Word file, and you will need Microsoft Word to view it. If you do not have Microsoft Word installed on your machine, you can download the free Microsoft Word Viewer.

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