Estimated Time - Servicer

Mortgage Servicer Licenses

Estimated days to approval after submission of application to state regulatory agencies. Many states combine lender and servicer licensing requirements under a single mortgage lender license.

Group I: Mortgage Lender-Servicer Licenses - Combined licensing where servicer activities are covered under the mortgage lender license

# State License Type Estimated Approval Time
1 AK Mortgage Lender License 30-45 DAYS
2 AL Mortgage Lender 45-60 DAYS
3 AR Mortgage Servicer License 30-45 DAYS
4 AZ Mortgage Banker License n/a
5 CA Mortgage Servicer 90 DAYS
6 CO Mtg Supervised Lender License 60-90 DAYS
7 CT Mortgage Lender License 30-45 DAYS
8 DC Mortgage Lender License 60-90 DAYS
9 DE Licensed Lender 60-90 DAYS
10 FL Mortgage Lender License 45-60 DAYS
11 GA Mortgage Lender License 60-90 DAYS
12 HI Mtg Servicer 60-90 DAYS
13 IA Mortgage Banker License 30-45 DAYS
14 ID Regulated Lender-Servicer 30-45 DAYS
15 IL Mortgage Servicer 60-90 DAYS
16 IN 1st Lender License n/a
17 IN 2nd Lender License n/a
18 KS Mtg Supervised Lender License 30-45 DAYS
19 KY Mtg Loan Company License 30-45 DAYS
20 LA Mortgage Lender License n/a
21 MA Mtg Servicer 30-45 DAYS
22 MA Loan Servicer License 60-90 DAYS
23 MD Mortgage Lender License 60-90 DAYS
24 ME Mtg Servicer Notification Form 30-45 DAYS
25 MI Mtg Servicer License-First 60-90 DAYS
26 MI Mtg Servicer License-Second 60-90 DAYS
27 MN Mortgage Servicer License 30-45 DAYS
28 MO Mortgage Banker License 60-90 DAYS
29 MS Mortgage Lender License 30-45 DAYS
30 MT Mortgage Lender License 30-45 DAYS
31 NC Mtg Servicer 60-90 DAYS
32 ND Money Broker License 30-45 DAYS
33 NE Mortgage Banker License 30-45 DAYS
34 NH Mortgage Servicer License 60-90 DAYS
35 NJ Mortgage Lender License n/a
36 NM Loan Company License n/a
37 NV Mortgage Servicer License 90-120 DAYS
38 NY Mortgage Servicer License 120-180 DAYS
39 OH Mortgage Servicer License 60-90 DAYS
40 OK Mortgage Lender License 45-60 DAYS
41 OR Mortgage Lender License 30-45 DAYS
42 PA Mortgage Lender License 60-75 DAYS
43 RI Lender/Servicer License 60-75 DAYS
44 SC Mortgage Lender License 45-60 DAYS
45 SD Mortgage Lender License 30-45 DAYS
46 TN Mortgage Servicer License 30-45 DAYS
47 TX Mortgage Servicer License 60-75 DAYS
48 UT Mortgage Servicer License 45-60 DAYS
49 VA Mortgage Lender License 45-60 DAYS
50 VT Lender/Servicer License 60-75 DAYS
51 WA Mortgage Servicer License 75-90 DAYS
52 WI Mortgage Banker License 30-45 DAYS
53 WV Mortgage Lender License 60-75 DAYS
54 WY Mortgage Lender License 45-60 DAYS

Understanding Servicer License Requirements

Mortgage servicer licensing varies significantly by state. Key considerations include:

  • Combined Licensing: Many states include servicer activities under the mortgage lender license
  • Separate Servicer Licenses: Some states require a distinct servicer license or registration
  • Notification Requirements: Certain states only require notification of servicer activities
  • Collection Agency Licenses: Additional licensing may be required for collection activities
  • Exemptions: Various exemptions exist for certain types of servicers and loan portfolios

Note: "n/a" indicates states where servicer licensing is included under the lender license or has different requirements. Contact us for specific guidance.

Fast Track States

States with 30-45 day typical approval times:

AK, AR, CT, IA, ID, IN, KS, KY, MA, ME, MN, MS, MT, ND, NE, OR, SD, TN, WI

Extended Processing States

States requiring 90+ days for approval:

CA (90 days), NV (90-120 days), NY (120-180 days)

Expert Guidance for Servicer Licensing

Navigating mortgage servicer licensing requirements can be complex. Herb Thomas provides expert counsel on servicer license applications, compliance requirements, and expedited processing strategies.

Schedule Consultation View Servicer Matrix

📞 Contact Herb Thomas for Current Processing Times

Phone: 214-692-7611 | Email: hthomas@thomas-law.com