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.

New Jersey State Licenses and Regulator Costs

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) fingeprinting process ($36.66) is required (contact us for details)

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