Louisiana Mortgage Branch Registration

Who is required to have this registration? Each additional location of a licensed mortgage broker or mortgage lender, other than the main office location as identified on the mortgage company MU1, whether or not located in Louisiana, from which residential mortgage brokering, funding, and/or originating subject to the Louisiana S.A.F.E. Residential Mortgage Lending Act is conducted involving Louisiana residential property. When not to file this registration? An MU3 should not be filed for the main office location or any other office where you do not engage in residential mortgage lending activity as defined in LSA-R.S. 6:1083(11) or activities pertinent to the origination, brokering or funding of a Louisiana residential mortgage loan. Instructions: 1. Each branch location desiring to conduct business under this license authority must be separately authorized and will require the filing of Branch Form (MU3) through the NMLS prior to the addition or change of location of the branch. 2. Each individual originating residential mortgage loans at the new location must be separately licensed. An Individual Form (MU4) must be filed through the NMLS system and approved by LOFI for each individual originator. After the Individual Form (MU4) is submitted, the company must submit a sponsorship request to the regulator before the individual MU4 license will be approved. A quick guide entitled “Create a Company Sponsorship” at the following link will help walk you through this process. NMLS Quick Guides 3. Total branch fee: $120, which includes the NMLS processing fee. 4. All fees are collected through the NMLS and are non-refundable. 5. The regulator will review the filing and all required documents and communicate with you via e-mail through NMLS. To review your status in NMLS, click the Tasks tab and click Work List. 6. Jurisdiction-specific requirements as identified on the checklist below must be received along with a copy of this checklist within 5 business days of the electronic submission of your application through the NMLS at the following: For U.S. Postal Service: Louisiana Office of Financial Institutions Non-depository Division Residential Mortgage Lending P.O. Box 94095 Baton Rouge, LA 70804-9095 For Overnight Delivery: Louisiana Office of Financial Institutions Non-depository Division Residential Mortgage Lending 8660 United Plaza Blvd, 2nd Floor Baton Rouge, LA 70809 WHO TO CONTACT – For jurisdiction specific questions concerning licensure, contact Louisiana Office of Financial Institutions, Non-depository Division licensing staff by phone at 225-925-4660 or send questions via email to nmls@ofi.louisiana.gov.