← Level Up

Business & Entrepreneurship

Start a Black-Owned Mortgage Brokerage

Licensing and basic setup for a small mortgage brokerage.

Licensing

NMLS license: 20 hours of pre-licensing education + state exam. Required in every state.

Bond

Surety bond is required — $25k–$100k depending on state.

Lender relationships

Sign with 3–5 wholesale lenders. UWM, Rocket TPO, and Plaza Home Mortgage are large but transactional. Black-led credit unions are slower but values-aligned.

Marketing

Real estate agent partnerships. Black homebuyer education events. Atlanta, Houston, Charlotte, and DMV are strong markets.

Shared by @blackwiki · June 5, 2026

Be the first
🚩 Report (sign in)

Comments

Be kind. Comments are auto-moderated and held when borderline. Three flags hide a comment pending review.

Sign in to add a comment.

No comments yet. Be the first.