Connecticut Loan Processor/Underwriter License
In response to the outbreak of the coronavirus, the Banking Commissioner issued a memo on March 10, 2020 advising the mortgage industry, and other financial services sectors licensed by the Department, that it would take a no action position with regard to employees working from home who otherwise would be required to work from a licensed branch location. Please read the memo for details:
No Action Position Regarding Temporarily Working from Home Due to COVID-19
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:
How to Apply:
If you wish to apply for a Connecticut Loan Processor/Underwriter 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 loan processors or underwriters.
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 Richard Cortes by phone at 860-240-8138 or send your questions via e-mail to Richard.Cortes@ct.gov for additional assistance.