- NMLS Cost: $600
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Qualifying Individual: must have CT LO license, hold physical employment at main office, have at least three (3) years of mortgage experience in past five (5) years
- Minimum Net Worth: $50,000
- Surety Bond Requirement: $50,000 (must list each branch office)
- For lenders who sell their loans on the secondary market w/in 90 days and use warehouse or similar funding
- NMLS Cost: $1,100
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Qualifying Individual: must have CT LO license, hold physical employment at main office, have at least three (3) years of mortgage experience in past five (5) years
- Minimum Net Worth: $50,000
- Surety Bond Requirement: $100,000 (must list each branch office)
- NMLS Cost: $1,100
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Qualifying Individual: must have CT LO license, hold physical employment at main office, have at least three (3) years of mortgage experience in past five (5) years
- Minimum Net Worth: $250,000
- Surety Bond Requirement: $100,000 (must list each branch office)
- Additional requirements for servicers: $100,000 servicer surety bond per servicing location, Fidelity bond minimum varies - $300,000 and up (contact us for more details) minimum, E&O insurance minimum varies - $300,000 and up (contact us for more details)
- NMLS Cost: $1,100
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Qualifying Individual: must have CT LO license, hold physical employment at main office, have at least three (3) years of mortgage experience in past five (5) years
- Surety Bond Requirement: $100,000 for main office; $100,000 each additional office
- Fidelity bond: minimum varies- $300,000 and up (contact us for more details)
- E&O insurance: minimum varies- $300,000 and up (contact us for more details)
- NMLS Cost: $520
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Branch manager must: hold CT LO license, physically work at branch office, have at least three (3) years of mortgage experience in past five (5) years
- Surety bond: rider needed to add branch address to main company bond
- NMLS Cost: $1,020
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Branch manager must: hold CT LO license, physically work at branch office, have at least three (3) years of mortgage experience in past five (5) years
- Surety bond: rider needed to add branch address to main company bond
- NMLS Cost: $1,020
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Branch manager must: hold CT LO license, physically work at branch office, have at least three (3) years of mortgage experience in past five (5) years
- Surety bond: rider needed to add branch address to main company bond
- Servicing: requires $100,000 surety bond for the location
- NMLS Cost: $1,020
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Branch manager must: hold CT LO license, physically work at branch office, have at least three (3) years of mortgage experience in past five (5) years
- Surety bond: $100,000 surety bond for the location
- Required for independent contractors or employees of non-CT licensed entities
- NMLS Cost: $330
- Additional fees: $15 NMLS credit report fee, $36.25 NMLS criminal background check fee
- Education: must include a one (1) hour CT-DOB defined elective
- NMLS Cost: $330
- Additional Costs: $15.00 NMLS credit report fee, $36.25 NMLS criminal background check fee
- Education: must include one (1) hour CT-DOB defined elective