Mortgage licensing / Puerto Rico
Puerto Rico Mortgage Lender/Service (Branch)
branch licence · NMLS PRLENDERSERVICER_B · OCIF
Requirements (3)
Step 1
Liquid assets must be increased by $125,000.00 for each additional office.Step 2
Bond must be increased by ten thousand dollars ($10,000.00) for each additional office.Submitted via: NMLS The name of the principal insured on the bond must match exactly the Full Legal Name of applicant. Original bond must be sent to the Office and a copy must be uploaded in NMLS.
Step 3
Experience and education of the branch manager.Submitted via: RESUME For each Control Person, submit a résumé dated not more than 30 days prior to the filing of the application through the NMLS.
General information
Who is required to
have this license?
A license is required for any natural person or legal entity whose main business or activity is originating, financing, refinancing, closing, selling, and servicing mortgage loans on real estate. Also acting or servicing as intermediary offering his or her services to insurance companies, banks, trusts, pension funds and other individuals or entities of private or government investment that partially or totally invest their assets in mortgage loans or in granting same to finance or refinance the acquisition of the real estate located in Puerto Rico.
Who does not need this
license?
• Banks
authorized to operate in Puerto Rico.
• Federal
Agencies
• Agencies,
Municipalities, and Instrumentalities of the Commonwealth of Puerto Rico
• Government
Retirement Systems
• Insurance companies authorized to do business in Puerto Rico by the Insurance Commissioner of
Puerto Rico
• Natural
persons who grant mortgage loans, when the total amount of their loan portfolio
does not
exceed $100,000.00 for the preceding 12 months
Other Puerto Rico mortgage licenses
- Mortgage Broker
- Mortgage Broker (Branch)
- Mortgage Lender/Servicer
- Mortgage Loan Originator License
- All 5 Puerto Rico licenses
Sourced from the NMLS/CSBS state licensing record, last updated August 5, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.