Reglith

Mortgage licensing / Wyoming

Wyoming Mortgage Broker License

company licence · NMLS WYBROKER_C · DOB

Requirements (12)

  1. Step 1

    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). Wyoming Division of Banking does not limit the number of other trade names.

    Submitted via: NMLS

  2. Step 2

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

    Submitted via: NMLS

  3. Step 3

    Financial Statements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement. NOTE: Financials should be dated within 90 days of your 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 is required.

    Submitted via: NMLS

  4. Step 4

    Business Plan: Upload a business plan outlining marketing strategy, products, target markets and operating structure the applicant intends to employ.

    Submitted via: Upload in NMLS: under Business Plan in the Document Uploads section of the Company Form (MU1)

  5. Step 5

    Certificate of Authority/Good Standing Certificate: Upload a State-issued and approved document (typically by the Secretary of State’s office), dated not more than 60 days prior to the filing of the application through NMLS that demonstrates authorization to do business in the applicant’s state of formation AND Wyoming. This document should be named [[State prefix] Certificate of Authority OR [State prefix] Certificate of Good Standing].

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

  6. Step 6

    Document Samples: Upload copies of the following disclosures, agreements and forms which are provided to borrowers during the loan process: • Application forms • GFE & any Acknowledgment or Intent to Proceed forms • Change Circumstances Forms • HUD-1 Settlement Statements • TIL • Mortgage Broker Agreement • Pre-Payment Penalty Disclosure • Privacy Disclosure • ARM Disclosure • Rate Lock Agreement • Reverse Mortgage Disclosures (as applicable) Any company exclusive forms provided to borrowers regarding your specific products and services

    Submitted via: NMLS

  7. Step 7

    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. Sole Proprietor • NoneUnincorporated 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: NMLS Upload in NMLS: under Formation Document” in the Document Uploads section of the Company Form (MU1). This document should be named Formation Documentation [Date of Creation (MM-DD-YYYY)].

  8. Step 8

    Management Chart: Submit a Management chart displaying the licensee’s directors, officers, and managers (individual name and title). Must also identify compliance reporting and internal audit structure. This document should be named [Company Legal Name] Management Chart. 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: NMLS Upload in NMLS: under Management Chart in the Document Uploads section of the Company Form (MU1).

  9. Step 9

    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/licenseeThis document should be named [Company Legal Name] Organizational Chart. Note: If the existing uploaded organizational chart already includes the above information, an additional document does not need to be uploaded. A company should only upload a single organizational chart.

    Submitted via: NMLS Upload in NMLS: under Organizational Chart/Description in the Document Uploads section of the Company Form (MU1).

  10. Step 10

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

    Submitted via: Electronic Surety Bond via NMLS

  11. Step 11

    Trust Account Authorization: Upload authorization form allowing examination of trust accounts used for the purpose of holding funds belonging to others. Click here to access the Trust Account Review Authorization form.

    Submitted via: NMLS Upload in NMLS: under Trust Account Authorization in the Document Uploads section of the Company Form (MU1)

  12. Step 12

    MU2 Individual FBI Criminal Background Check Requirements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.

    Submitted via: NMLS

General information

Who is required to have this license? A person engaged in mortgage brokering activities, unless exempt, who advertises, offers or provides services to Wyoming residents through any medium including, but not limited to, internet or other electronic means. Mortgage brokering activities means for compensation, either directly or indirectly, assisting or offering to assist in the preparation of an application for a residential mortgage loan on behalf of a borrower, or negotiating or offering to negotiate the terms or conditions of a residential mortgage loan with any person making residential mortgage loans. Who does not need this license? • Agencies of the United States, agencies of Wyoming and its political subdivisions. • Property owner who offers credit secured by a contract of sale, mortgage or deed of trust on the property sold. • Federal or state-chartered banks, savings and loans, credit unions or trust companies or an operating subsidiary of which the financial institution owns or controls eighty percent (80%) or more of the voting stock. • Wyoming attorneys not principally engaged in the business of negotiating residential mortgage loans when the attorney renders services in the course of his practice as an attorney. Wholesale lenders who purchase closed residential mortgage loans which have been originated and originally funded by a licensed mortgage lender or by an exempt person.

Other Wyoming mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated June 23, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

Stop missing the rule that costs you a loan.