Delaware License Types and Regulator Costs

Broker License (Company)

  • NMLS Cost: $850

  • Additional Costs: $15 per credit report

  • Surety Bond Requirement: $25,000; DE surety bonds must list the name and NMLS# of all company LOs

  • Note: Once licensed, Delaware charges an annual assessment of at least $500 if loan files are stored in-state and at least $1000 if loan files are stored out-of-state

Lender License (Company)

  • NMLS Cost: $600

  • Additional Costs: $15 per credit report

  • Surety Bond Requirement: $50,000; DE surety bonds must list the name and NMLS# of all company LOs

  • Note: Once licensed, Delaware charges an annual assessment of at least $500 if loan files are stored in-state and at least $1000 if loan files are stored out-of-state

Broker Branch License (Branch)

  • NMLS Cost: $770

  • Additional Costs: $15.00 per credit report

  • Branch manager: experience requirement of at least three (3) years lending/brokering.

  • Staffing: must have a full-time Delaware licensed LO physically located in branch

Licensed Lender Branch License (Branch)

  • NMLS Cost: $520

  • Additional Costs: $15.00 per credit report

  • Branch manager: experience requirement of at least three (3) years lending/brokering.

  • Staffing: must have a full-time Delaware licensed LO physically located in branch

Mortgage Loan Originator (individual)

  • NMLS Cost: $530

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

  • Annual assessment: once licensed, Delaware charges an annual $500 supervisory assessment per LO in July

  • Surety bond: you will need a rider to your company's surety bond to include the name and NMLS number of the LO prior to license approval

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Lynx Licensing charges a flat rate of $625 per state license, $125 per branch license, and $85 per individual license.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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