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Mortgage licensing / Arkansas

Arkansas Combination Mortgage Banker-Broker-Servicer License

branch licence · NMLS ARBANKRBROKR_B · SEC

Requirements (4)

  1. Step 1

    Submission of Branch Form (MU3): Complete and submit the Branch Form (MU3) in NMLS. This form serves as the application for the license through NMLS.

    Submitted via: NMLS

  2. Step 2

    Other Trade Name: If operating under a name that is different from the applicant’s legal name, that name (“Trade Name,” “Assumed Name,” "Fictitious Name," or “DBA”) must be listed under the Other Trade Names section of the Company Form (MU1). Arkansas Securities Department does not limit the number of other trade names. If operating under an “Other Trade Name,” upload Arkansas Secretary of State registrations documents regarding ability to do business under that trade name. This document should be named [State-License Type] Trade Name – Assumed Name. Note: It is the applicant’s responsibility to ensure that all names are properly registered with the Arkansas Secretary of State and with the required municipality or government agency, if applicable.

    Submitted via: Upload in NMLS: under the Document Type Trade Name/Assumed Name Registration Certificates in the Document Uploads section of the Company Form (MU1).

  3. Step 3

    Branch Manager: A Branch Manager must be designated for each licensed location. A Branch Manager is defined as the individual who is in charge of the business operations of one (1) or more branch offices of a mortgage broker, mortgage banker, or mortgage servicer. Branch Manager must hold an active Arkansas MLO license.

    Submitted via: NMLS

  4. Step 4

    Branch Manager (MU2) Attestation: Complete the Individual Form (MU2) in NMLS. This form must be attested to by the applicable branch manager before it is able to be submitted along with the Branch Form (MU3).

    Submitted via: NMLS

General information

Who is required to have this license? Any person who would require two or three of the below license types: Mortgage Banker Any person who engages in the business of making mortgage loans for compensation or other gain. Making a mortgage loan means to close a mortgage loan, to advance funds, to offer to advance funds, or to make a commitment to advance funds to a borrower under a mortgage loan. Ark. Code Ann. § 23-39-503 and Ark. Code Ann. § 23-39-502(31) and (33). Mortgage Broker Any person who for compensation or other gain or in the expectation of compensation or other gain and, regardless of whether the acts are done directly or indirectly, through contact by telephone, by electronic means, by mail, or in person with the borrowers or potential borrowers: (A) Accepts or offers to accept an application for a mortgage loan; (B) Solicits or offers to solicit an application for a mortgage loan; (C) Negotiates or offers to negotiate the terms or conditions of a mortgage loan; or (D) Issues or offers to issue mortgage loan commitments or interest rate guarantee agreements to borrowers. Ark. Code Ann. § 23-39-503 and Ark. Code Ann. § 23-39-502(34). Mortgage Servicer Any entity that performs the routine administration of a residential mortgage loan on behalf of an owner of the mortgage under a servicing contract; or any person that receives or has the right to receive from or on behalf of a borrower: (A) Funds or credits in payment for a mortgage loan; or (B) The taxes or insurance associated with a mortgage loan. Ark. Code Ann. § 23-39-503 and Ark. Code Ann. § 23-39-502(37). Activities Authorized Under This License This license authorizes the following Mortgage Banker activities: • First mortgage lending • Second mortgage lending • Home equity lending/lines of credit • Reverse mortgage lending • High cost home loans • Manufactured housing financing And/or the following Mortgage Broker activities: • First mortgage brokering • Second mortgage brokering • Mortgage loan modifications • Home equity lending/lines of credit • Reverse mortgage brokering • High cost home loans • Manufactured housing financing • Lead generation And/or the following Mortgage Servicer activities: • First mortgage servicing • Third party first mortgage servicing • Subordinate lien mortgage servicing • Third party subordinate lien mortgage servicing • Master servicing • Reverse mortgage servicing Pre-Requisites for License Applications • None. The Arkansas Securities Department does not issue paper licenses for this license type.

Other Arkansas mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated July 24, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

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