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    New Jersey State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Correspondent Residential Mortgage Lender License (Company)
    • NMLS Cost: $1,300
    • For lenders that sell their loans on the secondary market within ninety (90) days
    • Additional Costs: $15 per credit report, $36.25 per criminal background check
    • Minimum Net Worth: $150,000
    • Surety Bond Requirement: $150,000
      Residential Mortgage Broker License (Company)
    • NMLS Cost: $1,300
    • Additional Costs: $15 per credit report, $36.25 per criminal background check
    • Qualifying Individual: must obtain Q/I license of same type as company license
    • Minimum Net Worth: $50,000
    • Surety Bond Requirement: $150,000
      Residential Mortgage Lender License (Company)
    • NMLS Cost: $1,300
    • Additional Costs: $15 per credit report, $36.25 per criminal background check
    • Qualifying Individual: must obtain Q/I license of same type as company license
    • Minimum Net Worth: $250,000
    • Surety Bond Requirement: $150,000
      Correspondent Residential 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 work on-site; must have New Jersey mortgage loan originator license
      Residential Mortgage Broker Branch License (Branch)
    • NMLS Cost: $1,020
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Branch Manager: must work on-site; must have New Jersey mortgage loan originator license
      Residential 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 work on-site; must have New Jersey mortgage loan originator license
      Mortgage Loan Originator (Individual)
    • NMLS Cost: $180
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Education: New Jersey requires four (4) hours of NJ-approved pre-licensure education as part of your national education requirement
    • NJ Background Check: a livescan (NJ residents) for $50.66 or manual (non-residents) fingeprinting process ($36.66) is required (contact us for details)
      Qualified Individual Correspondent Residential Mortgage Lender License (Individual)
    • NMLS Cost: $530
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Education: New Jersey requires four (4) hours of NJ-approved pre-licensure education as part of your national education requirement
    • NJ Background Check: a livescan (NJ residents) for $50.66 or manual (non-residents) fingeprinting process ($36.66) is required (contact us for details)
      Qualified Individual Residential Mortgage Broker License (Individual)
    • NMLS Cost: $530
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Education: New Jersey requires four (4) hours of NJ-approved pre-licensure education as part of your national education requirement
    • NJ Background Check: a livescan (NJ residents) for $50.66 or manual (non-residents) fingeprinting process ($36.66) is required (contact us for details)
      Qualified Individual Residential Mortgage Lender License (Individual)
    • NMLS Cost: $530
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Education: New Jersey requires four (4) hours of NJ-approved pre-licensure education as part of your national education requirement
    • NJ Background Check: a livescan (NJ residents) for $50.66 or manual (non-residents) fingerprinting process ($36.66) is required (contact us for details)