Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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©2018 LYNX LICENSING. ALL RIGHTS RESERVED. "NMLS", "Nationwide Mortgage Licensing System", and "Nationwide Multistate Licensing System" and associated logos are trademarks and/or service marks of State Regulatory Registry, LLC ("SRR"). Lynx Licensing and this website are not associated with, sponsored, approved, or licensed by SRR. NMLS Consumer Access.

Maryland State Licenses and Regulator Costs

Mortgage Lender License (Company)

  • NMLS Cost: $1,101

  • Additional Costs: $15 per credit report, $36.25 per criminal background check

  • Minimum net worth: varies based on loan volume from $25,000 to $250,000 (contact us for details)

  • Minimum Experience: at least one owner or officer must have at least three (3) years of experience in a mortgage company

  • Surety Bond: varies baed on loan volume and number of licensed locations from $50,000 to $750,000 (contact us for details)

Mortgage Lender Branch License (Branch)

  • NMLS Cost: $1,021

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

  • Branch manager: must be designated

  • Surety Bond: each additional branch office requires an increase to the company's surety bond equivalent to the current bond amount; once applicant has five or more licensed branches a blanket surety bond of $750,000 can be used

Mortgage Loan Originator (Individual)

  • NMLS Cost: $256

  • Additional Costs: $15 per credit report, $36.25 per criminal background check

  • Education: Maryland requires three (3) hours of Maryland-specific pre-licensure education as part of your national education requirement

  • Affidavit: Maryland requires a signed affidavit (note: the NMLS website may not contain the latest form); the state also requires an affidavit from originators who are returning from inactive status (the NMLS website may not contain the latest form) - this form is typically needed when an MLO switches companies (contact us for assistance)

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.