Mortgage Correspondent Lender Licensing 

Essential Statutes

Please reference the relevant Connecticut Statutes (§§ 36a-485 to 36a-498f, inclusive, 36a-498h, 36a-534a and 36a-534b), as amended from time to time.

Please note - If you are an officer, partner or member, you will need to be licensed as a mortgage loan originator if you meet the definition of mortgage loan originator set forth in statute.

Other Relevant Information:

• Order Establishing Requirements for Conducting Business from a Remote Location
• Order Establishing Requirements and Procedures for Use of Electronic Bonds
• Mortgage Correspondent Lender/Mortgage Servicer 
  Section 1 of Public Act 15-53 has codified an exemption for what was previously the Commissioner's no-action position regarding mortgage servicer licensing requirements and supplemental bonding and insurance requirements for mortgage correspondent lenders who may act as mortgage servicers during the 90-day holding period in connection with residential mortgage loans they make from a Connecticut licensed location.
• Consumer Credit Division Director communication with licensed mortgage lenders, correspondent lenders, and brokers regarding loan processing and underwriting activities

How to Apply:

If you wish to apply for a mortgage correspondent lender license you should begin by first reviewing Connecticut’s Jurisdiction-Specific Requirements along with Connecticut's mortgage licensing statutes, which provides the current licensing procedures and requirements applicable to mortgage correspondent lenders. 

If your company already has a completed record in the Nationwide Multistate Licensing System and Registry, then applying for a license in Connecticut merely involves filing your company's record (Form MU1), control person records (Form MU2), relevant branch records (Form MU3) and relevant Loan Originator records (Form MU4) with Connecticut through the NMLS and mailing in the jurisdiction-specific requirements to the Department.

Go to the Getting Started page of the NMLS website and follow the steps outlined:

Any questions relating to the NMLS should be directed to the NMLS Call Center at (855) 665-7123.

Contact

Connecticut Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800

Telephone: (860) 240-8200 or toll-free 800-831-7225
Fax: (860) 240-8215

WHO TO CONTACT - Contact Dan Landini by phone at 860-240-8102 or send your questions via e-mail to daniel.landini@ct.gov for additional information.