Puerto Rico Licenses and Regulator Costs

Mortgage Broker License (Company)

  • NMLS Cost: $1,600 ($1,100 after June 30th)

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

  • Surety Bond Requirement: $100,000

Mortgage Lender/Servicer License (Company)

  • NMLS Cost: $3,850 ($2,600 after June 30th)

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

  • Surety Bond Requirement: $500,000, plus $10,000 for each additional licensed location

Mortgage Broker Branch License (Branch)

  • NMLS Cost: $1,520 ($1,020 after June 30th)

  • Surety bond: increase your company surety bond by $5,000 per location

Mortgage Lender/Servicer Branch License (Branch)

  • NMLS Cost: $3,770 ($2,520 after June 30th)

  • Surety bond: increase your company surety bond by $10,000 per location

Mortgage Loan Originator (Individual)

  • NMLS Cost: $130

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

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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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