Mortgage Broker Licensing
How to become a licensed Mortgage Broker in Washington.
Applying For A License
There are several steps to getting a mortgage broker license. Follow the steps below:
- Read our tips for error free applications.
- Register to take the Mortgage Broker Exam.
- Submit a completed Mortgage Broker license application.
Exemptions
- For mortgage broker licensing exemptions, see RCW 19.146.020.
- For consumer loan licensing exemptions, see RCW 31.04.025.
Mortgage Bankers
DFI does not license mortgage bankers at this time. However, carefully read the mortgage broker definition from the Mortgage Broker Practices Act (RCW 19.146.010(12):
"Mortgage broker means any person who for compensation or gain, or in the expectation of compensation or gain (a) makes a residential mortgage loan or assists a person in obtaining or applying to obtain a residential mortgage loan or (b) holds himself or herself out as being able to make a residential mortgage loan or assist a person in obtaining or applying to obtain a residential mortgage loan."
If you are a mortgage banker, consider licensure/exemption under the Mortgage Broker Practices Act or consider licensure under the Consumer Loan Act.
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