The following information is required to obtain a Mortgage Broker License in the State of Washington:

• Submit a completed and signed application along with the stipulated fees and other related documents to the department.
  
• Each applicant for a mortgage broker's license is required to file and maintain a surety bond, in an amount of $20,000 to $60,000.
  
• Applicants must also submit a signed authorization for a background investigation on a form provided by the department.
  
• The applicants must submit independent credit reports obtained from a recognized credit reporting agency for each principal and designated broker of the applicant.
  
• Each applicant must also submit completed fingerprint cards for each principal and designated broker accepted by the Washington state patrol.
  
• The Mortgage broker is required to have at least two years of experience in the residential mortgage loan industry or must complete the educational requirements established by rule of the director of the regulatory department. Satisfactory proof of two years of experience may include any of the following:
• Valid copies of W-2 or 1099 tax forms verifying employment for the two-year period
  
• Valid copies of form 1120 corporate tax returns for the two-year period signed by the broker or manager as owner of the business for the two-year period
  
• Signed letters from a lender on the lender's letterhead verifying that the broker or manager has originated mortgage loans for the two-year period.
• Also, each applicant must have passed a written examination.
  
• The principal or designated broker of a licensee must satisfactorily complete an approved continuing education course annually as specified in WAC 208-660-042. For information on continuing education providers, visit Mortgage Brokers - Education and Testing.
  
• A license issued pursuant to RCW 19.146 is valid from the date of issuance with no fixed date of expiration.
  
• Separate application is to be filled for obtaining branch offices licenses.

For more information, visit Washington State Department of Financial Institutions Website - Division of Consumer Services.

Applications and other forms can be downloaded at Consumer Services - Applications & Forms.

RCW 19.146, the Act and WAC 208-660, the rules are available online for reference at Chapter 19.146 - Mortgage Broker Practices Act and Chapter 208-660 - Mortgage Brokers and Loan Originators - Licensing respectively.