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    Pennsylvania State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Mortgage Broker License (Company)
    • NMLS Cost: $1,100
    • Additional Costs: $15 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
    • Qualifying Individual: required; must have mortgage loan originator license
    • Surety Bond Requirement: $100,000 (only if accepting advanced fees) plus between $50,000 and $150,000 depending on volume (contact us for details)
      Mortgage Lender License (Company)
    • NMLS Cost: $1,600
    • Additional Costs: $15 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
    • Qualifying Individual: required; must have mortgage loan originator license
    • Minimum Net Worth: $250,000
    • Fidelity Bond: $300,000 minimum
    • Surety Bond Requirement: between $100,000 and $500,000 depending on volume (contact us for details) ​
      Mortgage Loan Correspondent License (Company)
    • NMLS Cost: $1,600
    • Additional Costs: $15 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
    • Qualifying Individual: required; must have mortgage loan originator license
    • Minimum Net Worth: $100,000
    • Surety Bond Requirement: $100,000 (if accepting advanced fees) plus a separate bond between $100,000 and $500,000 depending on volume (contact us for details)
      Mortgage Servicer License (Company)
    • NMLS Cost: $2,500
    • Additional Costs: $15 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
    • Qualifying Individual: required; must have mortgage loan originator license
    • Minimum Net Worth: $250,000
    • Fidelity Bond: required at FNMA or FHLM minimum level
    • Surety Bond Requirement: $500,000
      Mortgage Broker License (Branch)
    • NMLS Cost: $279
    • Additional Costs: $15.00 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
      Mortgage Lender License (Branch)
    • NMLS Cost: $1,520
    • Additional Costs: $15.00 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
      Mortgage Loan Correspondent License (Branch)
    • NMLS Cost: $1,520
    • Additional Costs: $15.00 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
      Mortgage Servicer License (Branch)
    • NMLS Cost: $1,270
    • Additional Costs: $15.00 per credit report
    • PA Background Check: $22 per control person for Pennsylvania state background check; manual/mail-in cards for out of state residents
    • Branch Manager: must live within 100 miles of branch location
      Sole Proprietor Mortgage Originator License (Individual)
    • NMLS Cost: $30 (Yes, $30)
    • Additional costs: $15 for a credit report, $36.25 for a background check
    • State background check: $22 for a PA state background check
    • Education: Pennsylvania requires three (3) hours of PA-approved pre-licensure education as part of your national education requirement
    • Note: sole proprietors must also hold a PA mortgage company license
      Mortgage Originator License (Individual)
    • NMLS Cost: $230
    • Additional costs: $15 for a credit report, $36.25 for a background check
    • State background check: $22 for a PA state background check
    • Education: Pennsylvania requires three (3) hours of PA-approved pre-licensure education as part of your national education requirement