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 York State Licenses and Regulator Costs

Mortgage Banker License (Company)

  • NMLS Cost: $3,100

  • Additional Costs: $15 per credit report, $36.25 per criminal background check; $99 per control person NY fingerprinting fee

  • Qualifying Individual: must hold NY mortgage loan originator license; must have five (5) years of verifiable mortgage experience

  • Surety Bond Requirement: $50,000

  • Line of Credit Requirement: $1,000,000 minimum

  • Personal Financial Statements: control persons, directors, the three (3) most senior executive officers and the NY Q/I must submit personal financial statements

  • NY requirements are among the most extensive in the nation. Please contact us for licensing assistance.

Mortgage Broker Registration (Company)

  • NMLS Cost: $1,600

  • Additional Costs: $15 per credit report, $36.25 per criminal background check; $99 per control person NY fingerprinting fee

  • Qualifying Individual: must hold NY mortgage loan originator license; must have two (2) years of verifiable mortgage experience

  • Surety Bond Requirement: $10,000

  • Personal Financial Statements: control persons, directors, the three (3) most senior executive officers and the NY Q/I must submit personal financial statements

  • NY requirements are among the most extensive in the nation. Please contact us for licensing assistance.

Mortgage Loan Servicer Registration (Company)

  • NMLS Cost: $3,100

  • Additional Costs: $15 per credit report, $36.25 per criminal background check; $99 per control person NY fingerprinting fee

  • Qualifying Individual: must hold NY mortgage loan originator license; must have two (2) years of verifiable mortgage experience

  • Surety Bond Requirement: $250,000

  • Letter of Assurance Requirement: adjusted net worth of not less than $250,000 plus 1/4 of one percent of outstanding servicing portfolio balance

  • E&O Insurance and Fidelity Bond: $300,000 minimum (each)

  • Personal Financial Statements: control persons, directors, the three (3) most senior executive officers and the NY Q/I must submit personal financial statements

  • NY requirements are among the most extensive in the nation. Please contact us for licensing assistance.

Mortgage Banker Branch License (Branch)

  • NMLS Cost: $500

  • Branch Manager: must be NY licensed mortgage loan originator

Mortgage Broker Branch Registration (Branch)

  • NMLS Cost: $500

  • Branch Manager: must be NY licensed mortgage loan originator

Mortgage Servicer Branch Registration (Branch)

  • NMLS Cost: $520

  • Additional costs: $15 per credit report

  • Branch Manager: must have prior supervisory experience in overseeing mortgage loan servicing

Mortgage Loan Originator (Individual)

  • NMLS Cost: $409

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check; $99 for NY state background check

  • Surety bond: an individual surety bond varying from $10,000 to $100,000 will be required unless the company has an Originating Entity Surety Bond (contact us for details)

  • Education: NY requires three (3) hours of NY-approved pre-licensure education as part of our national education requirement

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