Mortgage Servicer License: The pennsylvania mortgage licensing act (7 Pa.C.S. 6101 et seq.) requires a license for any person or company who engages in the mortgage loan business by directly or indirectly servicing a mortgage loan by collecting or remitting payment or the right to collect or remit payments of principal, interest, tax.
Mortgage License Types Mortgage Lender/Servicer License Requirements. This license is required for any company (including a sole proprietorship) who, for valuable consideration, originates, sells, or services mortgages, or holds himself, herself, or itself out as a person who, for valuable consideration, originates, sells, or services mortgages.
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