Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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©2018 LYNX LICENSING. ALL RIGHTS RESERVED. "NMLS", "Nationwide Mortgage Licensing System", and "Nationwide Multistate Licensing System" and associated logos are trademarks and/or service marks of State Regulatory Registry, LLC ("SRR"). Lynx Licensing and this website are not associated with, sponsored, approved, or licensed by SRR. NMLS Consumer Access.

Guam Licenses and Regulator Costs

Guam handles net worth requirements differently than other jurisdictions by requiring a minimum net worth at the loan originator level. However, this can be satisfied with a surety bond or an appropriate net worth at the company level. Contact us for more details.

Mortgage Servicer License (Company)

  • NMLS Cost: $700

  • Additional Costs: $15 per credit report

  • Qualifying Individual: on-site manager required

  • Errors and Omissions Insurance: required

  • Fidelity Bond: optional- between $50,000 and $100,000 recommended

  • Surety Bond Requirement: $50,000 per licensed location up to $100,000 (electronic)

Residential Mortgage Lender and Servicer License (Company)

  • NMLS Cost: $700

  • Additional Costs: $15 per credit report

  • Qualifying Individual: on-site Branch Manager required

  • Errors and Omissions Insurance: required

  • Fidelity Bond: optional; between $50,000 and $100,000 recommended

  • Surety Bond Requirement: $50,000 per licensed location up to $100,000 (electronic)

Residential Mortgage Lender License (Company)

  • NMLS Cost: $700

  • Additional Costs: $15 per credit report

  • Qualifying Individual: not required, unless there are branch locations; branch locations require on-site Branch Manager

  • Errors and Omissions Insurance: required

  • Fidelity Bond: optional; between $50,000 and $100,000 recommended

  • Surety Bond Requirement: $50,000 per licensed location up to $100,000 (electronic)

Mortgage Servicer Branch License (Branch)

  • NMLS Cost: $620

  • Additional Costs: $15.00 per credit report

  • Qualifying Individual: requires Branch Manager

  • Surety bond: required per branch location in the amount of $50,000, up to $100,000 maximum per company; requires surety bond rider for existing companies to list the branch location

Residential Mortgage Lender and Servicer Branch License (Branch)

  • NMLS Cost: $620

  • Additional Costs: $15.00 per credit report

  • Qualifying Individual: requires Branch Manager

  • Surety bond: required per branch location in the amount of $50,000, up to $100,000 maximum per company; requires surety bond rider for existing companies to list the branch location (electronic)

Residential Mortgage Lender Branch License (Branch)

  • NMLS Cost: $620

  • Additional Costs: $15.00 per credit report

  • Qualifying Individual: requires Branch Manager

  • Surety bond: required per branch location in the amount of $50,000, up to $100,000 maximum per company; requires surety bond rider for existing companies to list the branch location (electronic)

Mortgage Loan Originator (individual)

  • NMLS Cost: $330

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

  • Minimum net worth requirement: $250,000 (unless employed by or exclusive agent of a licensed company, in which the net worth of that licensed entity applies); surety bond can satisfy this requirement

  • Surety Bond:  $50,000 required for aggregate loans under $50,00,000, otherwise $100,000 bond required (Guam surety bonds must be countersigned by a local general agent to be approved)

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