Arizona State Licenses and Regulator Costs

Arizona's license requirements stand out. The state requires a brick and mortar location managed by a Responsible Person, which is is unique to this state. Contact us for more information.

Mortgage Banker License (Company)

  • NMLS Cost: $1600

  • Additional Costs: $$15 per credit report, $36.25 per criminal background check; Arizona also assesses an additional pro-rated license fee through an NMLS invoice that varies and must be paid prior to licensure

  • Responsible Person: requires an Arizona resident that is a W-2 employee to manage Arizona loan activities; must have minimum of three (3) years of mortgage experience (contact us for more info)

  • Requires detailed personal financial statements for 20% or more owners

  • Surety Bond Requirement: ranges from $25,000 to $100,000 depending on volume

Mortgage Broker License (Company)

  • NMLS Cost: $900

  • Additional Costs: $36.25 per criminal background check; Arizona also assesses an additional pro-rated license fee through an NMLS invoice that varies and must be paid prior to licensure

  • Qualifying Individual: requires an Arizona resident that is a W-2 employee to manage Arizona loan activities; must have minimum of three (3) years of mortgage experience, completed an AZ mortgage broker course and passed a mortgage broker's test (contact us for more info)

  • Requires detailed personal financial statements for 20% or more owners

  • Surety Bond Requirement: $10,000 if you only have institutional investors; otherwise, $15,000

Mortgage Banker Branch License (Branch)

  • NMLS Cost: $529

  • Additional Costs: Arizona also assesses an additional pro-rated license fee through an NMLS invoice that varies and must be paid prior to licensure

  • A copy of your branch lease must be provided

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $270

  • Additional Costs: Arizona also assesses an additional pro-rated license fee through an NMLS invoice that varies and must be paid prior to licensure

  • A copy of your branch lease must be provided

Mortgage Loan Originator License (individual)

  • NMLS Cost: $380

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check; Arizona also charges an additional pro-rated licensing fee that varies from $37.50 to $150.00 and is sent via NMLS invoice prior to license approval. Arizona also charges a $100 recovery fund fee via NMLS invoice if your company does not have a blanket $200,000 LO surety bond (contact us to see which option makes the most sense)

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Lynx Licensing charges a flat rate of $795 per state license, $155 per branch license, and $135 per individual license.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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