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.

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.