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.

Massachusetts State Licenses and Regulator Costs

Massachusetts is one of the most exacting regulators in the nation. The Division of Banks will closely scrutinize your licensing application and independently review many items that are not included in the application such as out-of-state regulatory examinations. Only companies with pristine compliance records will be approved in this state. We highly recommend contacting Lynx Licensing for a Massachusetts pre-licensing review.

Mortgage Broker License (Company)

  • NMLS Cost: $1,000

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

  • Qualifying Individual: an on-site manager is required in all locations that originate MA loans

  • Experience requirements: all control persons must have at least three (3) years of full-time or the equivalent in part-time experience working for a licensed mortgage company

  • Surety Bond Requirement: $75,000

  • The Massachusetts Division of Banks has numerous detailed application requirements. You should not rely on this overview and should contact Lynx Licensing for expert assistance.

Mortgage Lender License (Company)

  • NMLS Cost: $1,500

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

  • Qualifying Individual: an on-site manager is required in all locations that originate MA loans

  • Experience requirements: all control persons must have at least five (5) years of full-time or the equivalent in part-time experience working for a licensed mortgage company

  • Surety Bond Requirement: $100,000

  • The Massachusetts Division of Banks has numerous detailed application requirements. You should not rely on this overview and should contact Lynx Licensing for expert assistance.

Third Party Loan Servicer Registration (Company)

  • NMLS Cost: $900

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

  • Qualifying Individual: an on-site manager is required in all locations that originate MA loans

  • Experience requirements: all control persons must have at least three (3) years of full-time or the equivalent in part-time experience working for a licensed mortgage company

  • The Massachusetts Division of Banks has numerous detailed application requirements. You should not rely on this overview and should contact Lynx Licensing for expert assistance.

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $70

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

  • Branch Manager: the branch manager must have at least three (3) years of full-time (or the part-time equivalent) experience working for a licensed mortgage company

Mortgage Lender Branch License (Branch)

  • NMLS Cost: $70

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

  • Branch Manager: the branch manager must have at least three (3) years of full-time (or the part-time equivalent) experience working for a licensed mortgage company

Mortgage Loan Originator (Individual)

  • NMLS Cost: $645

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

  • Education: Massachusetts requires three (3) hours of MA-approved pre-licensure education as part of the national education requirement prior to licensing

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