A company or mortgage loan originator license is not required for all types of property. The requirements are tied to residential mortgage loans. These are loans secured by residential one-to-four family property or land where residential one-to-four family property will be built. The requirements apply to bare land and construction loans if the property will have a one-to-four family home built on it. For example, a loan to a person buying a lot to build his or her home on requires a license. Commercial or multi-family properties of more than four family units do not require either a company or MLO license. If a manufactured home, but not the land underneath it, will secure the loan, a company license is not required but an MLO license is, unless some other exemption applies.