Mortgage licensing / North Dakota

North Dakota Residential Mortgage Loan Servicer

company licence · NMLS NDRESSERV_C · DFI

Requirements (19)

1. Step 1

   Financial Statements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement. If applicant is a start-up company, only an initial statement of condition (balance sheet) is required. Refer to NDCC 13-13 regarding tangible net worth requirements.

   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” or “DBA”) must be listed under the Other Trade Names section of the Company Form (MU1). North Dakota does not limit the number of other trade names. If operating under an “Other Trade Name”, upload the North Dakota Trade Name Registration Certificate issued by the North Dakota Secretary of State’s Office.

   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). Titled: ND-Residential Mortgage Loan Servicer Trade Name – Assumed Name.

3. Step 3

   Resident/Registered Agent: The Resident/Registered Agent must be listed under the Resident/Registered Agent section of the Company Form (MU1) and must match the information currently on record with the ND Secretary of State’s Office.

   Submitted via: NMLS

4. Step 4

   Non-Primary Contact Employees: North Dakota requires that an individual(s) be identified as a Non-Primary Contact for the following areas. These contacts must be listed in the Contact Employees section of the Company Form (MU1). 1. Legal 2. Pre-Exam Contact 3. Exam Delivery/Billing Contact 4. Licensing

   Submitted via: NMLS

5. Step 5

   Qualifying Individual: A Qualifying Individual must be designated for North Dakota jurisdiction. This individual must be listed in the Qualifying Individual section of Company Form (MU1). It is recommended the Qualifying Individual be in a managerial role with three years or more industry or supervisory experience. A credit report and background check will be required.

   Submitted via: NMLS

6. Step 6

   Credit Report: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.

   Submitted via: NMLS

7. Step 7

   Criminal Background Check (Fingerprints): See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.

   Submitted via: NMLS

8. Step 8

   Direct Owner/Executive Officers: The following must be listed in the Direct Owner/Executive Officers section of the Company Form (MU1). Direct Owners: Any individual or entity that owns, beneficially owns, has the right to vote, or has the power to sell or direct the sale of 10% or more of stock or a class of voting security of the applicant. Executive Officers/Control Persons: Individuals, regardless of title, who have the power, directly or indirectly, to direct the management or policies of a company by contract or otherwise. Includes: Board of Directors; President, Executive Vice President, Senior Vice President, Treasurer, Secretary, or similarly elected or appointed senior corporate officers; Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, and Chief Compliance Officer/BSA Officer. Note: The applicant’s name as it appears on the Company Form (MU1) must be entered in either the Employment History section or Other Business section of each individual’s MU2 to reflect the individual’s role with the applicant.

   Submitted via: NMLS

9. Step 9

   Indirect Owners: The following must be listed in the Indirect Owners section of the Company Form (MU1). Indirect Owners:Any individual or entity that indirectly owns or has the right to vote 10% or more of a class of a voting security or has the power to sell or direct the sale of 10% or more of stock or a class of voting security of the applicant. Even if indirect ownership is less than 10% of the applicant, continue up the chain of ownership listing all 25% or more owners at each level of ownership. Only once a public reporting company, a credit union, a bank or a bank holding company regulated by a Federal Banking or Credit Union Regulator, or a natural person is reached, no ownership information further up the chain of ownership need be given. Note: If listing a trust, identify the trustees.

   Submitted via: NMLS

10. Step 10

    Electronic Surety Bond: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement. Please note a bond is not required to submit an application. See bond requirements below: Limited Applicability (For applicants not subject to NDCC 13-13-07 in lieu of Tangible Net Worth requirement): For a company that is not considered a “large servicer” as defined on pg. 2 and in NDCC 13-13-01(8), please refer to NDCC 13-13-08. An applicant or licensee with a portfolio of loans not subject to any government-sponsored enterprises requirements must maintain liquidity to include operating reserves of 0.00035 times the unpaid principal balance of the portfolio and maintain a minimum tangible net worth set forth in NDCC 13-13-08(2)(a). However, a surety bond in the amount of one million dollars may be held in lieu of the tangible net worth.

    Submitted via: Electronic Surety Bond in NMLS

11. Step 11

    IT/Cybersecurity Policy: Upload the most recent version of IT/Cybersecurity Policy. The Policy should include at a minimum: • Designated Information Security Officer • Internal policies, procedures, and controls covering information security, physical security, fraud prevention/investigation • Business continuity • Risk assessment/managing identified risks • Procedures or plan of action in the event of a security breach • Relevant and ongoing training of employees • Program review/maintenance

    Submitted via: Upload in NMLS: under the Document Type Company Staffing/Internal Policies in the Document Uploads section of the Company Form (MU1). Titled: IT/Cybersecurity Policy [revision date mm-dd-yyyy].

12. Step 12

    Business Plan: Upload a business plan outlining the following information: • Executive Summary (Overview) • Marketing strategies/Target markets • Products/Services • Management/Organization Structure (provide a high-level overview of your: 1) corporate history; 2) parent & subsidiaries; 3) management team • Sources of income generation. Note: If the existing uploaded business plan already includes the above information, an additional document does not need to be uploaded. A company should only upload a single business plan. If state-specific material is required, this information should be added to the existing uploaded business plan.

    Submitted via: Upload in NMLS: under the Document Type Business Plan in the Document Uploads section of the Company Form (MU1). Titled: [Company Legal Name] Business Plan.

13. Step 13

    Certificate of Authority/Good Standing Certificate: Upload a State-issued and approved document (typically by the Secretary of State’s office) that demonstrates authorization to do business in North Dakota.

    Submitted via: Upload in NMLS: under the Document Type Certificate of Authority/Good Standing Certificate in the Document Uploads section of the Company Form (MU1). Titled: ND Certificate of Authority OR ND Certificate of Good Standing.

14. Step 14

    Formation Documents: Determine classification of applicant’s legal status and submit a State certified copy of the requested applicable documentation detailed below. Original formation documents and all subsequent amendments, thereto including a list of any name changes. Unincorporated Association: • By-Laws or constitution (including all amendments). General Partnership: • Partnership Agreement (including all amendments). Limited Liability Partnership: • Certificate of Limited Liability Partnership; and • Partnership Agreement (including all amendments). Limited Partnership: • Certificate of Limited Partnership; and • Partnership Agreement (including all amendments). Limited Liability Limited Partnership: • Certificate of Limited Liability Limited Partnership; and • Partnership Agreement (including all amendments). Limited Liability Company (“LLC”): • Articles of Organization (including all amendments); • Operating Agreement (including all amendments); • IRS Form 2553 or IRS Form 8832 if S-corp treatment elected; and • LLC resolution if authority not in operating agreement. Corporation: • Articles of Incorporation (including all amendments); • By-laws (including all amendments), if applicable; • Shareholder Agreement (including all amendments), if applicable; • IRS Form 2553 if S-corp treatment elected; and • Corporate resolution if authority to complete application not in By-Laws or Shareholder Agreement, as amended, as applicable. Not for Profit Corporation • Documents requested of a Corporation; and • Proof of nonprofit status • Internal Revenue Service (“IRS”) 501(c)(3) designation letter; or • statement from a State taxing body or the State attorney general certifying that: (i) the entity is a nonprofit organization operating within the State; and (ii) no part of the entity’s net earnings may lawfully benefit any private shareholder or individual; or • entity's certificate of incorporation or similar document if it clearly establishes the nonprofit status of the applicant; or • Any of the three preceding items described, if that item applies to a State or national parent organization, together with a statement by the State or parent organization that the applicant is a local nonprofit affiliate. Trust (Statutory) • Certificate of Trust; and • Governing instrument (all amendments).

    Submitted via: Upload in NMLS: under the Document Type Formation Document in the Document Uploads section of the Company Form (MU1). Titled: Formation Documentation [Date of Creation (MM-DD-YYYY)].

15. Step 15

    Management Chart: Submit a Management chart displaying the applicant’s directors, officers, and managers (individual name and title). Must also identify compliance reporting and internal audit structure. Note: If the existing uploaded management chart already includes the above information, an additional document does not need to be uploaded. A company should only upload a single management chart.

    Submitted via: Upload in NMLS: under the Document Type Management Chart in the Document Uploads section of the Company Form (MU1). Titled: [Company Legal Name] Management Chart.

16. Step 16

    Organizational Chart/Description: Submit a chart showing (or a description which includes) the percentage of ownership of: • Direct Owners (total direct ownership percentage must equate to 100%) • Indirect Owners • Subsidiaries and Affiliates of the applicant/licensee Note: If the existing uploaded Organizational Chart/Description already includes the above information, an additional document does not need to be uploaded. A company should only upload a single management chart.

    Submitted via: Upload in NMLS: under the Document Type Organizational Chart/Description in the Document Uploads section of the Company Form (MU1). Titled: [Company Legal Name] Organizational Chart – Description

17. Step 17

    Credit Report Explanations: The Department may request additional information upon review. Please watch for license items in NMLS.

    Submitted via: Upload in NMLS: under the Document Type Credit Report Explanations in the Document Uploads section of the Individual Form (MU2). Titled: Credit Report Explanations – [Individual Name – Document Creation Date].

18. Step 18

    Personal Financial Statement: The following individuals, as specified below, on the Company Form (MU1) are required to upload a personal financial statement. Direct Owners • Provide a personal financial statement, dated no older than 30 days prior to the application date, for any individual directly owning 25% or more of the applicant stock. Indirect Owners • Provide a personal financial statement, dated no older than 30 days prior to the application date, for any individual indirectly owning 25% or more of the applicant stock. Note: The Department does not require a specific form be completed. The personal financial statement should be a balance sheet identifying Assets, Liabilities, and Net Worth.

    Submitted via: Upload in NMLS: under the Document Type Personal Financial Statement in the Document Uploads section of the Individual Form (MU2). Titled: ND – Personal Financial Statement.

19. Step 19

    Ultimate Parent Company Consolidated Financial Statements: In addition to the applicant's financial statements, If the applicant is a subsidiary company, please provide consolidated financial statements for the ultimate parent company. If audited consolidated financials are unavailable, upload a consolidated financial statement prepared in accordance with Generally Accepted Accounting Principles as of the most recent fiscal year end. Financial statements should include a balance sheet, income statement, and statement of cash flows and all relevant notes thereto. If applicant is a start-up company, only an initial statement of condition (balance sheet) is required. Note: Financial statements are uploaded separately under the Filing tab and Financial Statement submenu link.

    Submitted via: NMLS

General information

Other North Dakota mortgage licenses

• Mortgage Loan Originator License
• Residential Mortgage Lender
• Residential Mortgage Lender Branch Registration
• Residential Mortgage Loan Servicer Branch Registration
• All 5 North Dakota licenses

Sourced from the NMLS/CSBS state licensing record, last updated August 25, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.