Get Licensed in Alabama to broker and originate mortgages. We can help facilitate the entire process from start to finish to obtain your state licenses. Below is the general licensing requirements for the state, you can add to cart online and check out to purchase our services. The fees listed below are only our consulting service fees and do not include third party fees involved in obtaining the licenses.
Provide a financial statement prepared by a Certified Public Accountant in accordance with Generally Accepted Accounting Principles dated within 90 days of your filing of the application covering the last fiscal year end. Financial statements should include a Balance Sheet, Income Statement and all relevant notes thereto.
The Resident/Registered Agent section of the Company (MU1) Form should be completed with the information currently on record with the Secretary of State of Alabama.
$0-$25,000,000 will require a minimum $25,000 surety bond $25,000,001 to $100,000,000 will require a minimum $50,000 surety bond Any loan volume over $100,000,000 will require a minimum of $75,000 surety bond
Information Source NMLS website
$1,585.00 Processing Fee
* Includes 1 Company State license and 1 individual License