If you have made the decision to do business in Arizona first thing you will need it to hire a responsible individual. If you haven’t done that then you should get that taken care of before you proceed forward.
There are many ways you can go about with your Arizona mortgage application. Whether you are applying for an Arizona mortgage broker license or an Arizona mortgage banker license, there are checklist forms you can get from NMLS, but for your connivence we have made the forms available for download here.
Arizona Mortage Banker Checklist
Arizona Mortage Broker Checklist
It is the details of the forms and the requisites that would make matters complicated for you. At the very onset, you have two choices. You can either go with the Nationwide Mortgage Licensing System to get listed in their registry or you can refer to the Arizona Department of Financial Institutions and proceed with your application.
NMLS or Nationwide Mortgage Licensing System would likely redirect you to the Arizona Department of Financial Institutions because there are some state specific laws that would have to be adhered to, statutes that are not applicable in all states. Thus, it is better to refer to the Arizona Department of Financial Institutions.
To have an acceptable Arizona mortgage application, you would need several documents including your experience as a mortgage broker or banker, certificates of good standard, a good credit history, clean criminal background and the participation of an Arizona mortgage responsible individual. Without any of these details or without the Arizona mortgage responsible individual, your application will not be processed.