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Washington State Licensing
​Application or Examination    Preparation

Washington State Mortgage Lender or Broker Licensing Application or Examination Support

ashington State has specific licensing and examination requirements which are quite explicit. As a leader in consumer protection, the state believes strongly in evaluating mortgage service providers and their compliance with the state's regulatory requirements. This results in some transparency, but also some apprehension.

On one hand, the regulator states, "you must submit everything at once; We will not prompt you for additional information." But we have seen correspondence where the regulators states that they are happy to assist and answer questions.

Here is a useful link to the Broker Examination Handbook

​​Item Required - Red Flag ID Theft Plan

Your most recent Red Flags Program also known as Identity Theft Prevention Program.  This is the standard plan you would use to help a customer who discovers unknown credit activity indicating possible ID Theft. In our program, we also have safeguards to prevent our activities from causing ID Theft. Further, if we have a breach, we identify what we do to remediate it. All this is in our IT/Cyber Security Plan which is here. It can be purchased as a stand-alone or as part of a package of documents which address ALL compliance required here. he or she discovered 

Bank Secrecy Act/Anti-Money Laundering 

Your most recent Bank Secrecy Act/Anti-Money Laundering policy and procedures (your AML Program).

This request is to address what you do if you find evidence of financial or other fraud in a loan file. Both lenders and brokers must address Anti-Money Laundering requirements. Many lenders and brokers don't feel that the rule applies to them, but it does; it is a fraud detection and reporting rule that is an extension of your Quality Control Plan. We provide this as a stand-alone BSA/AML Plan, as included with our quality control plan for brokers or for lenders, or with the Mortgage Compliance Package. 

Disaster Recovery-Business Resumption Plan

Your Disaster Recovery Plan (sometimes called a Business Resumption Plan). 

This is also sometimes called a business continuity plan. In today's world, we are almost always able to recover our business through technology usage. The questions revealed in this request revolve around whether employees may work remotely, and the risks the company takes and exposes its customers to by allowing this.  See our Disaster Recovery Plan.

Washington State does not allow working from home without specific permission. During special situations, such as pandemic, they may allow the employee to work from home. The state is formulating permanent work from home guidelines. 

Washington Supervisory Plan

When the request asks for a supervisory plan, often our customers confuse this with a separate supervisory plan. But the company may actually already have policies and procedures for how their employees are to conduct their duties. THAT plan IS a supervisory plan. However, we do provide a supervisory plan for out of state companies supervising in-state originators, processors, and underwriters. 

​Here is the Washington State Sample Supervisory Plan
Here is an article describing how to document the job duties

Washington State Advertising Plan

The regulator requires copies of all residential mortgage loan advertising marketed by licensee to Washington. To anticipate problems associated with advertising, put in place an advertising policy and review checklist, as well as a training program for originators and sales staff. 

Include any Marketing Services Agreements (MSAs). Using a 3rd party for marketing does not insulate you against violations. You must vet vendors against your Vendor Management plan, and provide the vendor with a copy of your standards.  

Loan Originator Compensation Plans

Copies of all Washington mortgage loan originator compensation agreements. For brokers, this means your plans with your lenders, as well as your commission plans with your loan originator employees. The Anti-Steering Plan will cover you, but it's important to note that your plan is different than Originator Agreements. An agreement is a contract, and should be prepared by you and reviewed by an attorney. A Compliance Company cannot prepare an agreement, unless they are staffed by a licensed and duly admitted attorney.

Best Options for Compliance

Do it yourself option - Purchase the Broker Compliance Package or Lender Compliance Package, depending on your model.
Full Service option - purchase the Audit Preparation Service, which will include customizing, extracting and stacking the documents. 
Broker Audit Prep Add-on
Includes:
Cover Memo
Individual Policies in Named PDFs
Independent Audits
Non-NMLS Training

Sold With Compliance Packages Only - we will not audit prep on others' policies
Price: $500 per state
State (add one state at a time):


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  • Home
    • Search our site
    • The CFPB and You
    • What Does a QC Plan Do?
    • Choosing the Right One
    • Free Sample Request Form
    • Request Discount Code
    • About Us >
      • About Us
      • FAQs
      • 100% Guarantee
      • Client List
    • Industry Blog
  • Single Policies
    • Single Policies
    • Free Sample Policies >
      • TIL-RESPA Integrated Disclosure (TRID)
      • HPML Appraisal Policy
      • Social Media
      • Ability to Repay
      • SAFE Act Policy
      • E-Sign Policy
      • Loan Originator Comp
      • Complaint Resolution
    • Disaster Recovery/Business Continuity Plan
    • Fair Lending/Fair Housing
    • Secondary Marketing-Loss Mitigation
    • Anti-Money Laundering (AML/BSA/SAR) Plan
    • Appraiser Independence - Appraisal Management
    • Anti-Predatory Lending (UDAAP)
    • Vendor Management
    • Business Plan
    • MERS QA Plan
  • Modules
    • Module System
    • Mortgage Compliance Manual
    • Quality Control Options >
      • Quality Control Options
      • Lender Quality Control Plan >
        • HUD-FHA Quality Control Plan
      • Broker/Non-Del QC Plan
    • Information Security - FACTA/Red Flags & ID Theft >
      • IT/Cyber Audit
    • Origination/Production Module
    • Processing Module
    • Underwriting/Credit Policy
    • Closing/Funding/Warehouse
    • Mortgage Ops & Employee
    • Wholesale/Third Party Origination
    • Mortgage Servicing Module >
      • Mortgage Servicing
      • Mortgage Sub-Servicing
      • MERS Quality Assurance (QA)
  • Packages
    • Packages
    • Complete Mortgage Banker Package
    • Complete Correspondent Pack
    • Lender Compliance Pack
    • Broker-Non Del Compliance Pack
    • Processing Company Package
    • Anti-money laundering AML/BSA/SAR package >
      • Annual AML/BSA Audit
      • Annual AML Training
      • Free AML/BSA SAR Evaluation
    • Cyber/IT Security Audit Package
    • Advertising Audit Package
  • Services
    • Services
    • State Audit Prep >
      • State Audit Prep Package >
        • Pennsylvania Exam Preparation
        • Washington State Mortgage Lender Broker
        • New York Lender Broker Audit Prep
        • North Carolina Lender Broker
        • Ohio Mortgage Lender Broker
        • Texas Exam Preparation
      • Annual Audit Preparation
      • State Examination System (SES) Support
      • State Examination Packages >
        • Supervisory Plan
    • Training Services >
      • AML Training
      • Fair Lending Training
      • ID Theft Training FACTA
      • Cybersecurity Training GLB Safeguarding
      • Fraud Red Flag and QC Training
      • Privacy Act - GLB Training
      • Advertising Compliance Training
      • New Employee Training
    • Knowledge Base-FAQ
    • My Compliance VP - Manager >
      • My Compliance VP - Manager
      • Login Compliance Manager
      • Login Document Managment
      • Manage Subscription
    • Updates and Downloads >
      • Updates and Downloads
      • Updates and Downloads (members)
    • Warehouse Lender/Agency Approval >
      • Comergence Upload Service
    • Request Review
    • How to: Customization Services >
      • Customization Services
      • How to: Downloading Documents
      • How to: Customize Your Manual
      • Free "Generic" Customization Offer