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    Indiana State Licenses and Regulator Costs

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

    Indiana is a two-regulator state. The Department of Financial Institutions regulates Mortgage Lenders and associated MLOs, while the Secretary of State regulates mortgage brokers and associated principal managers and MLOs. We can help with both.

      DFI - Mortgage Lending License (Company)
    • NMLS Cost: $1,100
    • Additional Costs: $36.25 per criminal background check
    • Qualifying Individual: required; must have two (2) years of making or underwriting residential mortgage loans or similar experience; must be actively engaged in lender's operations
    • Surety Bond Requirement: $100,000 (electronic)
    • Additional requirements: DFI has fairly extensive documentation requirements such policies, procedures, and document samples (contact us for details)
    • There are no branch licenses for DFI licensees in Indiana
      DFI - Mortgage Loan Originator (individual)
    • NMLS Cost: $80
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
      SOS- Loan Broker License (Company)
    • NMLS Cost: $300
    • Additional Costs: $36.25 per criminal background check; $100 per Ultimate Equitable Owner (paid outside of NMLS; contact us for details)
    • Qualifying Individual: requires an actively licensed Principal Manager at each location; Principal Manager application must be submitted simultaneously
    • Surety Bond Requirement: varies between $50,000 and $75,000 depending on volume (contact us for details)
      SOS- Loan Broker Branch License (Branch)
    • NMLS Cost: $20
    • Additional Costs: $36.25 per criminal background check;
    • Qualifying Individual: requires an actively licensed Principal Manager; Principal Manager application must be submitted simultaneously
      SOS - Principal Manager License (individual)
    • NMLS Cost: $130
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Each SOS licensed location requires a Principal Manager
    • Education: Indiana SOS requires two (2) hours of Indiana-approved pre-licensure education as part of your national education requirement
      SOS - Mortgage Loan Originator (individual)
    • NMLS Cost: $80
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Education: Indiana SOS requires two (2) hours of Indiana-approved pre-licensure education as part of your national education requirement