State Licensing Software for Lenders
Brico helps lenders manage credit, servicing, collections, brokering and earned wage access licenses across all 50 states. Our platform combines automation, expert support, and built-in compliance workflows to streamline applications, reduce regulatory risk, and eliminate the need for spreadsheets or billable hours.
Why State Licensing Slows Lenders Down
Each state has its own license requirements for credit, collections, servicing, brokering and earned wage access, not to mention different forms and deadlines. Without automation, manual processes lead to hidden costs, delays, and overwhelmed compliance teams.
Inconsistent State Requirements
No two states ask for the same documents, requirements, or renewal timelines. Managing multi-state licenses manually turns into an error-prone maze that slows go-to-market speed.
Lack of Transparency Creates Bottlenecks
Legal and compliance teams waste time chasing paperwork, coordinating vendors, and tracking updates across spreadsheets — instead of focusing on audits, growth, or strategy.
Complexity Leads to Compliance Fatigue
Quarterly reports, annual renewals, advance change notices and surety bond updates are an ongoing burden— with requirements constantly changing.
What Brico Delivers for Lending Teams
Brico combines regulatory licensing software and expert support to help lending teams apply for and maintain state licenses—faster, more affordably, and with less risk. From new license applications to quarterly and annual reporting to renewals, Brico centralizes every step in one secure, purpose-built platform.
Up-To-Date Requirements
100+ checklists, 500 pages of state code distilled to create up-to-date actionable and easy to understand requirements across all US states.
Intelligent Automation
Auto form-filling and faster application preparation by leveraging smart data mapping.
Reduced Paperwork
Over 200 paper forms digitized in-product so you reduce reliance on physical paper
Centralized Source of Truth
Centralize all work and knowledge in one platform to own your source of truth for future exams and audits. Never lose context during team expansion or employee turnover.
Built-in Project Management
Effortlessly collaborate with team members and external vendors by assigning tasks, automating reminders and feedback. Save valuable time by eliminating the need for repetitive follow-ups on tasks.
Licensing Expert-in-the-Loop
Get the benefit of a dedicated licensing expert to help unblock any hurdles in addition to the guidance in our platform.
What Lending Leaders Say About Brico
Lending teams use Brico to unlock multi-state growth without overwhelming their compliance and operations staff.
- Teresa Bruce
Senior Paralegal, iBusiness Funding (f/k/a Funding Circle)
How Brico’s state licensing software works
State licensing compliance is fragmented across agencies, license types, and changing rules. Even experienced compliance teams struggle to keep up, and manual tools make every new state feel like starting from scratch.
Onboard and centralize your data
Import your entities, owners, licenses, and key documents into Brico and connect your existing records where applicable. This creates a clean foundation and a single view of your licensing posture.
Configure state-specific workflows
Apply Brico’s prebuilt checklists and automations for each state you operate in or plan to enter. Tailor tasks, approvals, and responsibilities to match your internal processes and team structure.
Run applications, renewals, and exams
Use the platform to manage new license applications, renewals, periodic reporting, and exam responses. Track every task and filing in one dashboard so you always know what’s done, what’s overdue, and what’s coming next.
Expert support from compliance professionals
- Access to dedicated, experienced mortgage licensing specialists to help interpret edge cases and state-specific nuances and unblock any hurdles.
- Get guidance on tricky scenarios without spinning up a new law firm project each time.
- Keep ownership of your program while still having expert support.
Built for regulated businesses
Schedule a Demo
Discover how Brico can simplify your state license management.