Iowa State Licenses and Regulator Costs

Mortgage Banker License (Company)

  • NMLS Cost: $500

  • Additional Costs: $36.25 per criminal background check

  • Surety Bond Requirement: varies ranging from $100,000 to $150,000 depending on volume (contact us for more details)

  • Minimum Net Worth: solvent

Mortgage Broker License (Company)

  • NMLS Cost: $500

  • Additional Costs: $36.25 per criminal background check

  • Surety Bond Requirement: varies ranging from $100,000 to $150,000 depending on volume (contact us for more details)

  • Minimum Net Worth: solvent

Mortgage Branch Registration (Branch)

  • NMLS Cost: $60

  • Additional Costs: $15.00 per credit report

  • Branch Manager: required and must have active Iowa mortgage loan originator license; Iowa requires the upload of a copy of the branch manager's employment contract

Mortgage Loan Originator (individual)

  • NMLS Cost: $80

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

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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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