California mortgage licensing : CA has 2 regulatory agencies. CA Department of Financial Protection and Innovation and CA Department of Real Estate. These two agencies offer two different types of company licenses. A CA-DFPI: Residential Mortgage Lending Act License (CRMLA) license authorizes its licensee to provide lending and servicing services to borrowers. It is flexible and can be issued to either lenders or servicers. A CA-DFPI: Finance Lenders Law License (CFL) gives you the ability to lend, service your own originated loans or broker to a licensed CFL Lender. The other agency is the Department of Real Estate which requires an underlying real estate license in order to apply.
License Requirements
Broker
1 license
| License Name | Status | State Fee | Bond Fee | SoS Fee | Total | Renewal | Notes |
|---|---|---|---|---|---|---|---|
| California Financing Law License (CFL) | Required | $430.00 | $150.00 | $200.00 | $780.00 | Annual |
Lender
1 license
| License Name | Status | State Fee | Bond Fee | SoS Fee | Total | Renewal | Notes |
|---|---|---|---|---|---|---|---|
| CA Broker License | Required | $500.00 | $150.00 | $175.00 | $825.00 | Every 2 yrs |