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

  1. Alabama Consumer Credit: 21040
  2. Arizona Mortgage Banker: 0920359
  3. Arkansas Combination Banker/Broker/Servicer License: 37902
  4. California DFPI Residential Mortgage Lending Act License (CRMLA): 4170030
  5. California DFPI Finance Lenders Law License (CFLL): 60DBO96227
  6. Colorado Mortgage Company Registration: 2975, Regulated by the Division of Real Estate
  7. Connecticut Mortgage Lender License: ML-2975
  8. Delaware Lender License: 020179
  9. District of Columbia Mortgage Dual Authority License: MLB2975
  10. Florida Mortgage Lender Service License: MLD1697
  11. Georgia Mortgage Lender License: 29264 Georgia Residential Mortgage Licensee
  12. Hawaii Mortgage Loan Originator Company License: HI-2975
  13. Idaho Mortgage Broker/Lender License: MBL – 8563
  14. Illinois Residential Mortgage License: MB.6759829 For licensing information, go to: www.nmlsconsumeraccess.org
  15. Indiana DFI First Lien Mortgage Lending License: 11152
  16. Iowa Mortgage Banker License: MBR 2004-0041
  17. Kansas Mortgage Company License: MC.0001373
  18. Kentucky Mortgage Company License: MC83554
  19. Louisiana Residential Mortgage Lending License: 2975
  20. Maine Supervised Lender License: 2975
  21. Maryland Mortgage Lender License: 2975
  22. Michigan 1st Mortgage Broker/Lender License: FL0017161
  23. Minnesota Residential Mortgage Originator License: MN-MO-2975
  24. Mississippi Mortgage Lender License: 2975
  25. Missouri Company Registration: 14-1678
  26. Montana Mortgage Broker/Lender/Servicer Licenses: 2975
  27. Nebraska Mortgage Banker License: 1993
  28. Nevada Company License: 3963
  29. New Hampshire Mortgage Banker License: 20246-MB
  30. New Jersey Residential Mortgage Lender License: – 2975
  31. New Jersey New Jersey RMLA-Licensed Mortgage Servicer Registration
  32. New Mexico Mortgage Loan Company License: 02120
  33. North Carolina Mortgage Lender License: L-147873
  34. North Dakota Money Broker License: MB 102588
  35. Ohio Residential Mortgage Lending Act Certificate of Registration -RM.804256.000
  36. Oklahoma Mortgage Lender License: ML002547
  37. Oregon Mortgage Lending License: ML-5292
  38. Pennsylvania Mortgage Lender License: 50859
  39. Rhode Island Broker/Lender Licenses: 2975 Rhode Island Licensed Lender and Rhode Island Licensed Loan Broker
  40. South Carolina BFI Mortgage Lender/Servicer License: MLS-2975
  41. South Dakota Mortgage Lender License: ML.05093
  42. Tennessee Mortgage License: 109165
  43. Texas SML Mortgage Banker Registration: 2975
  44. Utah DRE Mortgage Entity License: 10269997 (pending)
  45. Utah DFI Residential First Mortgage Notification: 2975
  46. Vermont Broker/Lender Licenses: 1253 MB/6778
  47. Virginia Broker/Lender Licenses: MC-5857 NMLS ID #2975 (www.nmlsconsumeraccess.org)
  48. Washington Consumer Loan Company License: CL-2975
  49. West Virginia Broker/Lender Licenses: MB-34167/ML-34166
  50. Wisconsin Mortgage Banker/Broker Licenses: 21923BA/2975BR
  51. Wyoming Mortgage Lender/Broker License: 2275
  52. Wyoming Supervised Lender License: CL-3968

Legal Disclosures

Texas Disclosure – Figure: 7 TAC §80.200(b)

“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A 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

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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