Wyoming Mortgage Lender/Broker License

Who is required to have this license? Any additional physical location of the entity, other than the “home/main” location licensed under Form MU1, regardless whether inside or outside of Wyoming, engaged in mortgage lending or mortgage brokering activities that 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. Mortgage lending activities means for compensation, either directly or indirectly, accepting or offering to accept applications for making residential mortgage loans. Who does not need this license? Any physical locations of the entity not engaged in mortgage brokering or mortgage lending activities for Wyoming residents.