Florida Eliminates In-House Processor Mortgage Licensing Requirement

Some Florida loan processors will no longer be required to hold a loan originator license after a bill was signed into law.

Effective July 1, 2011, SB 1316 establishes two categories of processors—in-house and contract. In-house loan processors will no longer be required to have a license as long as they’re an employee of a licensed mortgage broker or lender. These processors are only allowed to have one employer and must work at the direction of and subject to the supervision of a Florida-licensed loan originator.

“The bill also clarifies that the principal loan originator of each licensee is tasked with overall responsibility for the supervision and operations of a licensee’s in-house loan processors,” said Patton Boggs in an alert to clients.


Contract processors, which include those who act independently for a mortgage broker or a mortgage lender and who only engage in loan processing activities must be licensed as a loan originator.

Florida Governor Rick Scott signed the bill into law earlier this month. View a copy of the bill here.

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