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    Guam State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts

    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)