License endorsement is required for any CA DRE licensed Broker, Corporation and Salesperson that, for compensation or gain, or in the expectation of compensation or gain, directly or indirectly accepts or offers to accept an application for a mortgage loan, solicits or offers to solicit a mortgage loan on behalf of a borrower, or negotiates or offers to negotiate the terms and conditions of a mortgage loan on behalf of a lender for residential property in California. Click here for details.
Any person who provides services as a mortgage loan originator in California under the California Finance Lenders Law or the California Residential Mortgage Lending Act must have applied for and receive a mortgage loan originator license. The MLO must also be employed by and sponsored by a Department licensee under the California Residential Mortgage Lending Act or the California Finance Lenders Law. Click here for details.
