Licensing and Legal
State Licensing
Open Mortgage is proud to be licensed in 46 states across the country and the District of Columbia. We believe that “Better is Possible”, so if your state is not listed, please contact us and see if we have plans to expand near you. For licensing information, go to: www.nmlsconsumeraccess.org
State License Numbers
- Alabama Consumer Credit: 21040
- Arizona Mortgage Banker: 0920359
- Arkansas Combination Banker/Broker/Servicer License: 37902
- California DFPI Residential Mortgage Lending Act License (CRMLA): 4170030
- California DFPI Finance Lenders Law License (CFLL): 60DBO96227
- Colorado Mortgage Company Registration: 2975, Regulated by the Division of Real Estate
- Connecticut Mortgage Lender License: ML-2975
- Delaware Lender License: 020179
- District of Columbia Mortgage Dual Authority License: MLB2975
- Florida Mortgage Lender Service License: MLD1697
- Georgia Mortgage Lender License: 29264 Georgia Residential Mortgage Licensee
- Hawaii Mortgage Loan Originator Company License: HI-2975
- Idaho Mortgage Broker/Lender License: MBL – 8563
- Illinois Residential Mortgage License: MB.6759829 For licensing information, go to: www.nmlsconsumeraccess.org
- Indiana DFI First Lien Mortgage Lending License: 11152
- Iowa Mortgage Banker License: MBR 2004-0041
- Kansas Mortgage Company License: MC.0001373
- Kentucky Mortgage Company License: MC83554
- Louisiana Residential Mortgage Lending License: 2975
- Maine Supervised Lender License: 2975
- Maryland Mortgage Lender License: 2975
- Michigan 1st Mortgage Broker/Lender License: FL0017161
- Minnesota Residential Mortgage Originator License: MN-MO-2975
- Mississippi Mortgage Lender License: 2975
- Missouri Company Registration: 14-1678
- Montana Mortgage Broker/Lender/Servicer Licenses: 2975
- Nebraska Mortgage Banker License: 1993
- Nevada Company License: 3963
- New Hampshire Mortgage Banker License: 20246-MB
- New Jersey Residential Mortgage Lender License: – 2975
- New Jersey New Jersey RMLA-Licensed Mortgage Servicer Registration
- New Mexico Mortgage Loan Company License: 02120
- North Carolina Mortgage Lender License: L-147873
- North Dakota Money Broker License: MB 102588
- Ohio Residential Mortgage Lending Act Certificate of Registration -RM.804256.000
- Oklahoma Mortgage Lender License: ML002547
- Oregon Mortgage Lending License: ML-5292
- Pennsylvania Mortgage Lender License: 50859
- Rhode Island Broker/Lender Licenses: 2975 Rhode Island Licensed Lender and Rhode Island Licensed Loan Broker
- South Carolina BFI Mortgage Lender/Servicer License: MLS-2975
- South Dakota Mortgage Lender License: ML.05093
- Tennessee Mortgage License: 109165
- Texas SML Mortgage Banker Registration: 2975
- Utah DRE Mortgage Entity License: 10269997 (pending)
- Utah DFI Residential First Mortgage Notification: 2975
- Vermont Broker/Lender Licenses: 1253 MB/6778
- Virginia Broker/Lender Licenses: MC-5857 NMLS ID #2975 (www.nmlsconsumeraccess.org)
- Washington Consumer Loan Company License: CL-2975
- West Virginia Broker/Lender Licenses: MB-34167/ML-34166
- Wisconsin Mortgage Banker/Broker Licenses: 21923BA/2975BR
- Wyoming Mortgage Lender/Broker License: 2275
- Wyoming Supervised Lender License: CL-3968
Legal Disclosures
Texas Disclosure – Figure: 7 TAC §80.200(b)
“SPECIAL NOTICE FOR TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”
- Oregon Disclosure:
- (1) at the conclusion of a reverse mortgage, the borrower must repay the loan and may have to
sell the home or repay the loan from other proceeds;
- (2) charges will be assessed with the loan, including an origination fee, closing costs, mortgage
insurance premiums and servicing fees;
- (3) the loan balance grows over time and interest is charged on the outstanding balance;
- (4) the borrower remains responsible for property taxes, hazard insurance and home
maintenance, and failure to pay these amounts may result in the loss of the home; and
- (5) interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full
re-payment.
Kansas Licensed Mortgage Company MC.0001373
Colorado: Regulated by the Division of Real Estate
Georgia Residential Mortgage Licensee, License #29264
Licensed by the Illinois Department of Financial and Professional Regulation/Division of Banking, Lic MB.6759829
Illinois Department of Financial and Professional Regulation, 100 West Randolph, 9th Floor, Chicago, Illinois 60601, 1-888-473-4858
Illinois Residents: State Of Illinois Community Reinvestment Notice The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. (Source: P.A. 101-657, eff. 3-23-21.)Licensed by the New Hampshire Banking Department
Rhode Island Licensed Lender
Under Vermont law, we will not share information we collect about Vermont residents with companies outside of our corporate family, unless the law allows. For example, we may share information with your consent, to service your accounts or under joint marketing agreements with other financial institutions with which we have joint marketing agreements. We will not share information about your credit worthiness within our corporate family except with your consent, but we may share information about our transactions or experiences with you within our corporate family without your consent.
Licensed by the Virginia State Corporation Commission; Lender & Broker #: MC-5857; NMLS ID#: 2975; www.nmlsconsumeraccess.org
This material is not from HUD or FHA and has not been approved by HUD or any government agency.
The following states require counseling prior to an application being taken for a HECM loan:
- Minnesota
- Tennessee
- Vermont
- Rhode Island
- Connecticut
- California
More Resources
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