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    Connecticut State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Mortgage Broker License (Company)
    • 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)
      Mortgage Correspondent Lender License (Company)
    • 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)
      Mortgage Lender License (Company)
    • 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)
      Mortgage Servicer License (Company)
    • 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)
      Mortgage Broker Branch License (Branch)
    • 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
      Mortgage Correspondent Lender Branch License (Branch)
    • 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
      Mortgage Lender Branch License (Branch)
    • 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
      Mortgage Servicer Branch License (Branch)
    • 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
      Loan Processor/Underwriter License (Individual)
    • 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
      Mortgage Loan Originator (individual)
    • 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