Business License Service Packages

Business License Compliance Package(BLCp)TM

We provide you with all the licensing requirements and forums.

With our “Business License Compliance Package” we tell you which licenses, permits, and tax registrations you need for your type and place of business, and provide the actual applications.
TO ORDER:
1. Click “Order Now”
2. Enter information about your business
3. Experienced CorpNet licensing experts research your business
4. Receive a customized CorpNet Business License Compliance Package (BLCP)™
5. Fill out forms and mail to addresses provided

Form Preparation Service

We prepare all your licensing paperwork,and deliver it to you signature-ready.

Our “Business License Preparation Service” will provide you with every business license, permit, and tax registration required for your business, pre-filled with your information and ready-to-file!

1. Click “Order Now”
2. Enter information about your business
3. Experienced CorpNet licensing experts research your business
4. Receive customized and PRE-FILLED business license applications
5. Sign documents and mail to addresses provided

Full Licensing Service

We obtain for you ALL required licenses.

We determine your licensing requirements, prepare and fill out all the necessary forms, submit the applications to the various licensing authorities on your behalf, and ensure that you receive all the necessary licenses, permits, and tax registrations.

Order ANY Service by Toll Free 1.888.449.2638

How To Get Your Mortgage License

If you’re interested in becoming a mortgage loan originator, you’ll need to get a mortgage license from your state’s Business Licenses, Permits & Tax agency. To be a licensed mortgage broker, this business license is required before you can start helping homeowners get approved for a home mortgage to buy a new home.

Who Needs a Mortgage License?

There are a few professionals who are required to have a mortgage license:

  • Mortgage Loan Originator: the loan officer who acts on behalf of the customer in the mortgage application process.
  • Mortgage Broker and Lender: arrange loans between lenders and homeowners.
  • Mortgage Appraiser: help lenders determine the value of a home.

According to state and federal mortgage licensing requirements, each of these roles must have a mortgage license to operate.

What’s Required

Whether you plan to become a mortgage broker or get into other aspects of mortgage financing, there are certain steps you’ll need to take in getting your mortgage license. The exact steps will vary depending on what your state requires, but here are the basics.

Step 1: Get Your Certificate of Authority as a Foreign Entity and Registered Agent

You’ll likely be required to file this with your Secretary of State. It’s a fairly straightforward document that includes information about your company (or you, if you’re operating as a sole proprietor), its owner(s), officers and directors. You must have this on file with your state before you can apply for a mortgage license.

The registered agent is someone who can accept service of profit from a court or agency on your behalf. CorpNet offers registered agent services for a nominal annual fee.

Expect fees for this step to range between $25 and $700.

Step 2: Obtain Your Surety Bond

Most states require you to have a surety bond, which protects the consumer in the event that your mortgage company can’t pay the mortgage. If you ever get a claim against your surety bond, it will pay for the amount you can’t afford to pay, but you will be required to pay it back. Most states have a requirement for you to have $10,000 to $100,000 in surety bonds before you can get your mortgage license.

You’ll pay 0.7% to 3% of the bond value at this stage.

Step 3: Get Fingerprinted

Naturally, your state wants to make sure you don’t have a criminal history before it gives you a mortgage license. You may be required to give fingerprints for a background check, or otherwise agree to a criminal background investigation.

This will cost approximately $50-$100.

Step 4: Training

You may be required to take online or in-person training for the mortgage role you want. If you are experienced or are getting a renewal of your mortgage license, you may be able to submit proof that you have the knowledge needed to run a mortgage company. There may also be an exam that you have to pass before you can become licensed.

Step 5: Prove Your Worth

Your state may ask that you submit your net worth information, which is the difference between your assets (home, property) and your liabilities (car loan, mortgage). Your state may have an average net worth requirement that you will need to meet before getting your license.

If you need audited financials, it can cost several thousand dollars.

Step 6: Finally! The Application!

You’re almost finished! You’re now at the last step: the mortgage license application. You may be asked about your business plan, company details, et cetera.

The fee for the mortgage license application can be $100 to several thousand dollars.

Need help with your venture?
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