Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

Follow

  • Facebook Social Icon

©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.

Rhode Island State Licenses and Regulator Costs

Lender License (Company)

  • NMLS Cost: $1,750

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

  • Qualifying Individual: each location; five (5) years of mortgage experience

  • Minimum Net Worth: $100,000

  • Surety Bond Requirement: $50,000, plus $10,000 for four or more branch locations or $25,000 for eight or more branch locations

Loan Broker License (Company)

  • NMLS Cost: $925

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

  • Qualifying Individual: each location; five (5) years of mortgage experience; main location QI must own 51% or more of company

  • Minimum Net Worth: $10,000

  • Surety Bond Requirement: $20,000, plus $10,000 for four or more branch locations or $25,000 for eight or more branch locations

Third Party Loan Servicer License (Company)

  • NMLS Cost: $1,750

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

  • Qualifying Individual: five (5) years of mortgage experience; must physically work at main location

  • Minimum Net Worth: $100,000

  • Surety Bond Requirement: $50,000, plus $10,000 for four or more branch locations or $25,000 for eight or more branch locations

Lender Branch Certificate (Branch)

  • NMLS Cost: $1,670

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

  • Qualifying Individual: minimum of five (5) years of mortgage experience

  • Surety bond: may be needed depending on number of branch locations (see above)

Loan Broker Branch Certificate (Branch)

  • NMLS Cost: $845

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

  • Qualifying Individual: minimum of five (5) years of mortgage experience

  • Surety bond: may be needed depending on number of branch locations (see above)

Third Party Servicer Branch Certificate (Branch)

  • NMLS Cost: $1,670

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

  • Qualifying Individual: minimum of five (5) years of mortgage experience

  • Surety bond: may be needed depending on number of branch locations (see above)

Mortgage Loan Originator (Individual)

  • NMLS Cost: $180

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

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

Please reload

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