About LICENSINGSTORE
FROM APPLICATION TO APPROVAL
Our team of experts streamline the process, providing guidance & tools to help your business grow.
About Us
At LicensingStore, we believe experience is everything. Our team is made up of people who have been in your shoes from former loan officers, branch managers, and mortgage company founders who understand what it takes to build and sustain a compliant business. We combine decades of hands-on mortgage experience with modern compliance solutions that make licensing simple and sustainable. We don’t just process applications; we partner with you to build a stronger, smarter business from the ground up.
The LicensingStore team brings more than 150 collective years of mortgage industry experience. Every person here has walked the path our clients are on. We have opened companies, passed state exams, managed compliance systems, and navigated NMLS renewals through every market cycle. That firsthand perspective shapes how we serve. We run toward the challenges that slow others down and create solutions that help mortgage businesses grow with confidence. Meet our team
How We Work
We start with listening. You tell us your goals, growth plans, and pain points, then we map the path to get you there. Our process combines personal guidance with proven systems that keep your licensing, compliance, and reporting on track. Clear communication, transparent timelines, and accountability are built into every client relationship. The result is a partnership that feels less like outsourcing and more like adding an expert team to your own.
FAQ’s
What types of services do you offer?
We help you build and run a mortgage business at any stage. Startup, growth, expansion, or clean up. We handle licensing, renewals, compliance, reporting, audits, and more so you can stay focused on production. We offer:
- New License Applications
- Multistate expansion strategies
- Maintenance of Existing Licenses
- Mortgage Call Reports
- Loan File Quality Control
- Policies and Procedures
- Compliance Management
- Mock Examinations
- Outsourced Compliance Officer
- and much more
Let’s talk about what you need.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Can you help us prepare policies and procedures?
Yes! We have refined our policy and procedure templates over many years and based on feedback from hundreds of examinations. Our aim is to give you policies and procedures that fit your business. This is accomplished by learning about your business objectives, the scale of your current model, and your short- and long-term goals. Policies and procedures should be sufficient to demonstrate your compliance with regulatory expectations, while not being unduly burdensome.
Do you help with examinations?
Yes. We help before, during, and after exams. That includes state exams, CFPB, FHA, VA, warehouse reviews, and more. We also run mock exams so you are ready ahead of time. We have guided companies through more than 500 combined state and federal compliance and can help support you too. Get exam support before it gets stressful.
What kind of expertise should I expect from your team?
Our team includes professionals who have served the entire spectrum of departments within mortgage companies. former compliance leaders, operations leaders, legal professionals, and licensing experts. Our analysts have years of experience working in NMLS®, analyzing and reporting loan data, conducting QC review, and more. We believe our staff is our strongest asset, and we make that available to our clients every day.
Many clients retain us in a fractional CCO capacity to oversee their compliance program, advise executive leadership, attend board meetings, and act as the primary compliance resource.
Meet the team supporting your business.
What is MLMP?
MLMP is our Monthly License Management Program. With every license that is approved, we will monitor it for any updates that are needed. MLMP handle changes, help with renewals, file reports, and keep you on track all year, so leadership can stay focused on running the business.
See if MLMP is right for you.
How does your payment structure work?
We offer a wide range of solutions that are designed to accommodate your needs as a business. Pricing is arranged in a multitude of ways including:
- By license application
- Hourly rate
- Fixed monthly rate
- Monthly rate based on license count
- Project based
- Fractional Compliance Services
- Concierge Services
Request a custom quote.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Do you provide legal advice?
No. While we have attorneys on staff who are well versed in the mortgage industry, we are not a law firm and we cannot offer legal advice. However, we have excellent contacts with some of the leading firms in the industry and can leverage those relationships for legal issues that you may encounter.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Can you help us get a surety bond, registered agent, or CPA?
Yes to all of those plus other service providers. If you need a specific professional service, please ask. Many times, we’ve secured discount rates for our clients, with our preferred providers.
What regulations and requirements do you have experience working through?
Yes to all of those plus other service providers. If you need a specific professional service, please ask. Many times, we’ve secured discount rates for our clients, with our preferred providers.
Laws and Regulations
- Truth in Lending Act (TILA)
- Fair Credit Reporting Act (FCRA)
- Bank Secrecy Act (BSA) and Anti Money Laundering (AML)
- USA Patriot Act
- Graham Leach Bliley Act (GLBA)
- Real Estate Settlement Procedures Act (RESPA)
- Equal Credit Opportunity Act (ECOA)
- Home Mortgage Disclosure Act (HMDA)
- Secure and Fair Enforcement for Mortgage Licensing (SAFE)
- Nationwide Multistate Licensing System (NMLS®)
Agency Guidelines
- Fannie Mae
- Freddie Mac
- Dept. of Veteran’s Affairs
- Federal Housing Administration
Industry Standards
- Unfair, Abusive, Deceptive Acts and Practices (UDAAP)
- SOC I and SOC II Reviews
- ISO/IEC 27001 ISMS Standards
If there’s an issue affecting your mortgage business, chances are we have experience assisting clients with similar or identical issues. Bring us your compliance questions.
Does it matter whether my company is an LLC or a Corporation? Is one better than the other?
Generally speaking, no. There are limited exceptions to this (for example applicants seeking a CA-DRE license or approval to fund FHA loans) but in most cases it does not matter what kind of company you form in terms of getting approved. There are benefits and drawbacks to each kind that may affect your tax status, so we encourage you to speak with a tax professional about what is right for you.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Where should I form my company?
Most companies are organized in the state where the headquarters will be located or a state where at least one owner resides. Some companies elect to form in Delaware due to favorable laws for businesses, however this can result in tax implications. Wherever your company is formed is called the “domestic” jurisdiction. Other states where you register to do business are then referred to as “foreign” jurisdictions.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Does a qualifying individual (QI) have to be an owner?
No. In states where a qualifying individual is required, applicants must show that the person who will be the QI satisfies the criteria for that state. This typically means the QI is in a management position, however that person is not required to be an owner.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
What is a surety bond? Can I use the same surety bond for multiple states?
A surety bond is best thought of as a form of insurance for the regulator and the public. If a company fails follow the rules, a person can file a claim against the bond. A mortgage company will normally pay an annual premium that is based on the amount of surety coverage.
Each state will have its own requirement for surety bond coverage (if any). The amount of the bond may be fixed, it may be variable based on your business volume, it may be based on the type of business you conduct, or a combination. There is no “universal” surety bond meaning the bond that is required by State X cannot also be used as the bond for State Y. Assisting clients with securing and managing surety bonds is part of the service that we offer.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
What are the financial requirements?
Some jurisdictions require companies to maintain a minimum tangible net worth. This is calculated by taking the tangible assets of the company (cash, equipment, accounts receivable, etc.) and subtracting liabilities (payroll, long term debt, etc.). The resulting difference is the tangible net worth. Items such as goodwill, software licenses, intangible assets, and similar items of questionable or unspecific value cannot be counted toward the net worth requirements.
Tangible net worth must be maintained continuously; from the time the application is submitted and onwards, and cannot dip below. Additionally, some states have minimum liquidity requirements (in other words, cash on hand for operations). Not all states require net worth so please contact our staff for further information.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
What kind of financial statements are required?
Most states require a balance sheet and profit and loss statement. Some require CPA reviewed or audited statements. Requirements vary by state and license type. Let us confirm what your states require.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
What is a registered agent?
A registered agent is a person who is designated to accept legal documents and notices on behalf of the company. Each state where you do business will require a registered agent. We assist clients with managing the registered agent relationships.
Connect with us: grow@licensingstore.com 877.809.1212 Schedule a consult
Where are the brick-and-mortar states?
Hawaii, Missouri, Nevada, and Arizona require physical offices within the state. There are case-by-case exceptions for wholesale lenders or companies engaged in contract processing.
Arizona also requires a brick-and-mortar office and a responsible individual, however there are professional companies that offer RI services to mortgage brokers and lenders. This is professional services RI is limited to Arizona.
Talk with us before expanding into new states.
State licensing estimator: grow@licensingstore.com 877.809.1212 Schedule a consult