Pennsylvania State Licenses and Regulator Costs

Mortgage Broker License (Company)

  • NMLS Cost: $1,100

  • Additional Costs: $15 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

  • Qualifying Individual: required; must have mortgage loan originator license

  • Surety Bond Requirement: $100,000 (only if accepting advanced fees) plus between $50,000 and $150,000 depending on volume (contact us for details)

Mortgage Lender License (Company)

  • NMLS Cost: $1,600

  • Additional Costs: $15 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

  • Qualifying Individual: required; must have mortgage loan originator license

  • Minimum Net Worth: $250,000

  • Fidelity Bond: $300,000 minimum

  • Surety Bond Requirement: between $100,000 and $500,000 depending on volume (contact us for details)

Mortgage Loan Correspondent License (Company)

  • NMLS Cost: $1,600

  • Additional Costs: $15 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

  • Qualifying Individual: required; must have mortgage loan originator license

  • Minimum Net Worth: $100,000

  • Surety Bond Requirement: $100,000 (if accepting advanced fees) plus a separate bond between $100,000 and $500,000 depending on volume (contact us for details) 

Mortgage Servicer License (Company)

  • NMLS Cost: $2,500

  • Additional Costs: $15 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

  • Qualifying Individual: required; must have mortgage loan originator license

  • Minimum Net Worth: $250,000

  • Fidelity Bond: required at FNMA or FHLM minimum level

  • Surety Bond Requirement: $500,000

Mortgage Broker License (Branch)

  • NMLS Cost: $279

  • Additional Costs: $15.00 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

Mortgage Lender License (Branch)

  • NMLS Cost: $1,520

  • Additional Costs: $15.00 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

Mortgage Loan Correspondent License (Branch)

  • NMLS Cost: $1,520

  • Additional Costs: $15.00 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

Mortgage Servicer License (Branch)

  • NMLS Cost: $1,270

  • Additional Costs: $15.00 per credit report

  • PA Background Check: $22 per control person for Pennsylvania state background check;  manual/mail-in cards for out of state residents

  • Branch Manager: must live within 100 miles of branch location

Sole Proprietor Mortgage Originator License (Individual)

  • NMLS Cost: $30 (Yes, $30)

  • Additional costs: $15 for a credit report, $36.25 for a background check

  • State background check: $22 for a PA state background check

  • Education: Pennsylvania requires three (3) hours of PA-approved pre-licensure education as part of your national education requirement

  • Note: sole proprietors must also hold a PA mortgage company license

Mortgage Originator License (Individual)

  • NMLS Cost: $230

  • Additional costs: $15 for a credit report, $36.25 for a background check

  • State background check: $22 for a PA state background check

  • Education: Pennsylvania requires three (3) hours of PA-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.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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©2018-2020 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.