Arkansas State Licenses and Regulator Costs

Combination License (Company)

  • For any company wishing to apply for two (2) or more license types

  • NMLS Cost: $850

  • Additional Costs: $15 per credit report, $36.25 per criminal background check

  • Surety Bond Requirement: $100,000

  • Qualifying Individual: managing principal must have three (3) years of mortgage lending experience or equivalent

Mortgage Banker License (Company)

  • NMLS Cost: $850

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Surety Bond Requirement: $100,000

  • Qualifying Individual: managing principal must have three (3) years of mortgage lending experience or equivalent

Mortgage Broker License (Company)

  • NMLS Cost: $850

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Surety Bond Requirement: $100,000

  • Qualifying Individual: managing principal must have three (3) years of mortgage lending experience or equivalent

Combination License (Branch)

  • NMLS Cost: $120

  • Arkansas allows branch managers to manage more than one location

Mortgage Banker Branch License (Branch)

  • NMLS Cost: $120

  • Arkansas allows branch managers to manage more than one location

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $120

  • Arkansas allows branch managers to manage more than one location

Mortgage Servicer Branch License (Branch)

  • NMLS Cost: $120

  • Arkansas allows branch managers to manage more than one location

Loan Officer License (individual)

  • NMLS Cost: $80

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Does not require additional Arkansas specific pre-licensure education (only the 20 hours of NMLS-approved pre-licensure education)

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.

Photo credit: Garry Tucker, USFWS

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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