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    What type of licensing do you need help with?*

    Illinois State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Residential Mortgage Lender License (Company)
    • NMLS Cost: $2,800
    • Additional Costs: $15 per credit report, $36.25 per criminal background check
    • Brick and Mortar Requirement: companies that do not qualify as a mortgage banker (contact us for details) must maintain an office in Illinois
    • Minimum net worth: $50,000 (with in-state offices), $150,000 (without in-state offices)
    • Fidelity Bond: $100,000 per license
    • Surety Bond Requirement: range from $25,000 to $150,000 depending on volume (contact us for details) (electronic bonds)
      Additional Full Service Office License (Branch)
    • Required for branches located in Illinois
    • NMLS Cost: $270
    • Additional Costs: $15.00 per credit report
    • Branch Manager: required
    • Additional requirements: a valid lease agreement must be uploaded in NMLS; month-to-month leases are not acceptable - there is a twelve (12) month minimum
      Mortgage Loan Originator (individual)
    • NMLS Cost: $230
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Additional financial responsibility requirements: Illinois requires you to disclose child support delinquencies, student loan or scholarship defaults, and tax avoidance or failure to file tax returns. Any issues in these areas may prevent licensure (contact us for assistance)