Washington D.C. Licenses and Regulator Costs

The District of Columbia offers a dual authority license for companies that want to lend and broker. We recommend this license type for lenders if there is even a slight possibility that you will broker in the future.

Mortgage Broker License (Company)

  • NMLS Cost: $1,200

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

  • Surety Bond Requirement: ranges from $12,500 to $50,000 depending on volume (contact us for details); if you file four (4) or more applications (ex: branch applications) at the same time, you can obtain a blanket $200,000 surety bond to cover all offices

Mortgage Dual Authority License (Company)

  • For companies that lend and broker

  • NMLS Cost: $1,400

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

  • Surety Bond Requirement: ranges from $12,500 to $50,000 depending on volume (contact us for details); if you file four (4) or more applications (ex: branch applications) at the same time, you can obtain a blanket $200,000 surety bond to cover all offices

Mortgage Lender License (Company)

  • NMLS Cost: $1,300

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

  • Surety Bond Requirement: ranges from $12,500 to $50,000 depending on volume (contact us for details); if you file four (4) or more applications (ex: branch applications) at the same time, you can obtain a blanket $200,000 surety bond to cover all offices

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $1,120

  • Surety Bond: you must obtain a surety bond rider on your company bond to include the branch address

Mortgage Dual Authority Branch License (Branch)

  • NMLS Cost: $1,120

  • Surety Bond: you must obtain a surety bond rider on your company bond to include the branch address

Mortgage Lender Branch License (Branch)

  • NMLS Cost: $1,120

  • Surety Bond: you must obtain a surety bond rider on your company bond to include the branch address

Mortgage Loan Originator License (individual)

  • NMLS Cost: $330

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

  • Education: DC requires 3 hours of DC specific pre-licensure education in addition to to the national requirements

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

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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