Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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Ohio State Licenses and Regulator Costs

Residential Mortgage Lending Act (RMLA) Registration (Company)

  • NMLS Cost: $600

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

  • Qualifying Individual: must be licensed originator in-state; must have at least three (3) years of mortgage experience

  • Surety Bond Requirement: .50% of aggregate loan origination volume, up to a maximum of $150,000, plus $10,000 per location

Third Party Processor and/or Underwriter Registration (Company)

  • NMLS Cost: $100

  • Qualifying Individual: supervisor must be Ohio licensed mortgage loan originiator

  • Surety Bond Requirement: $50,000

RMLA Branch Registration (Branch)

  • NMLS Cost: $520

Mortgage Loan Originator (Individual)

  • NMLS Cost: $180

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

  • Education: Ohio requires four (4) hours of Ohio-approved pre-licensure education as part of your 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.