Georgia State Licenses and Regulator Costs

Mortgage Broker/Processor License/Registration (Company)

  • Brokers using warehouse lines must apply for Lender license

  • NMLS Cost: $750

  • Companies with their principal place of business in Georgia must have a Georgia licensed LO in place prior to applying

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

  • Surety Bond Requirement: $150,000 (Electronic)

  • Additional requirements: control persons, 10% or more owners, and executive officers must mail a recent passport photo and GA state background check application outside of NMLS

Mortgage Lender License/Registration (Company)

  • NMLS Cost: $1250

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

  • Companies with their principal place of business in Georgia must have a Georgia licensed LO in place prior to applying​

  • Surety Bond Requirement: $250,000 (Electronic)

  • Additional requirements: control persons, 10% or more owners, and executive officers must mail a recent passport photo and GA state background check application outside of NMLS

Mortgage Branch Approval (Branch)

  • This is required only for locations located in Georgia

  • NMLS Cost: $350

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

  • Branch Manager: must be a GA-licensed loan originator

  • Must upload a copy of the branch lease and additional GA-required branch agreements and documentation (contact us for details)

Mortgage Loan Originator (individual)

  • NMLS Cost: $130

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

  • Lawful presence: must complete form to prove lawful presence in the U.S.; must include recent passport photo

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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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