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.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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