Washington State Department of Financial Institutions

Amending A Loan Originator License Via The NMLS

Transferring License to New Mortgage Broker Company

  1. In the NMLS, Loan Originator submits a Terminate Sponsorship Request for current Mortgage Broker Company. Loan Originator may also remove Company Access as well.
  2. Loan Originator updates “Work History” section of Form MU4 to reflect employment ending with current Mortgage Broker Company and employment beginning with new Mortgage Broker Company.
  3. Loan Originator grants the new employer Company Access to his/her Form MU4.
  4. In the NMLS, the new Mortgage Broker Company submits a Sponsorship Request for Loan Originator’s license.

Establishing An Additional Relationship with Another Mortgage Broker Company

  1. In the NMLS, Loan Originator updates “Work History” section of Form MU4 to reflect employment beginning with new Mortgage Broker Company.
  2. Loan Originator grants the new employer Company Access to his/her Form MU4.
  3. In the NMLS, the new Mortgage Broker Company submits a Sponsorship Request for Loan Originator’s license.
  4. Either the new Mortgage Broker Company or the Loan Originator mails a check, made payable to the Washington State Treasurer, in the amount of $75 to cover the cost of having the additional association.

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