Montana State Licenses and Regulator Costs

Mortgage Broker License (Company)

  • NMLS Cost: $600

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

  • Qualifying Individual: required for each licensed location; must be licensed in approved status as Montana mortgage loan originator

  • Surety Bond Requirement: varies from $25,000 to $100,000 depending upon loan volume (contact us for details)

Mortgage Lender License (Company)

  • NMLS Cost: $850

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

  • Qualifying Individual: required for each licensed location; must be licensed in approved status as Montana mortgage loan originator

  • Surety Bond Requirement: varies from $25,000 to $100,000 depending upon loan volume (contact us for details)

Mortgage Servicer License (Company)

  • NMLS Cost: $850

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

  • Qualifying Individual: required for each licensed location; must be licensed in approved status as Montana mortgage loan originator

  • Surety Bond Requirement: $100,000

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $279

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

  • Branch Manager: must have three (3) years of mortgage experience and be a licensed Montana loan originator

Mortgage Lender Branch License (Branch)

  • NMLS Cost: $270

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

  • Branch Manager: must have three (3) years of mortgage experience and be a licensed Montana loan originator

Mortgage Servicer Branch License (Branch)

  • NMLS Cost: $270

  • Additional Costs: none

Mortgage Loan Originator (Individual)

  • NMLS Cost: $430

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

  • Education: Montana requires two (2) hours of Montana-approved pre-licensure education as part of your national education requirement

  • Additional experience requirements: a branch manager requires three (3) years of mortgage experience; a responsible individual requires one and a half (1.5) years of experience

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

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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