Hilde's Mortgage Blog

The State of Alaska passed the Mortgage License law on July 1st 2008. It temporarily grandfathered existing mortgage companies and originators who offered mortgages in the State of Alaska. That period ended March 1st 2009. Some companies under national regulatory oversight are exempt. All other companies and individual originators have to be licensed with the State of Alaska in order to offer mortgage loans.

To read more about the new legislation go to: http://www.commerce.state.ak.us/occ/mortgagelicensing/index.htm

To check on active licenses go to: http://www.commerce.state.ak.us/occ/OccSearch/main.cfm and type in "MTG" for the license board and hit search. The complete list of active license holder will be displayed.

Below is a list of license types:

MORTGAGE      Board Code: MTG

License Type:	Description of Type:
MTGBR	Is a licensed Mortgage Broker
MTGDO	Is a licensed Mortgage Designated Originator
MTGDU	Is a licensed Mortgage Dual Licensee-Originator
MTGEX	Is a licensed Mortgage Exemption
MTGLN	Is a licensed Mortgage Lender
MTGOR	Is a licensed Mortgage Originator
MTGSL	Is a licensed Mortgage Small Lender
MTGSO	Is a licensed Mortgage Small Originator

 Just call me if you have more specific questions.