State Licensing or Federal Registration? 

Choose State Licensing if your company plans to:

1. Request a license or registration with a state regulatory agency;
   
   and/or
   
   
2. Manage mortgage loan originator licenses with a state regulatory agency.

Choose Federal Registration if you are a federally regulated institution (i.e. regulated by OCC, OTS, FDIC, FRB, NCUA or FCA) and are required to register your mortgage loan originators.