South Dakota State Licenses and Regulator Costs

Mortgage Brokerage License (Company)

  • NMLS Cost: $600

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

  • Fingerprinting: SD requires state fingerprinting; cards are mailed after application

  • Surety Bond Requirement: varies from $25,000 to $50,000 depending on volume (contact us for details)

Mortgage Lender License (Company)

  • NMLS Cost: $850

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

  • Fingerprinting: SD requires state fingerprinting; cards are mailed after application

  • Surety Bond Requirement: varies from $25,000 to $50,000 depending on volume (contact us for details)

Mortgage Lender Branch License (Branch)

  • NMLS Cost: $1,000

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

  • Surety Bond Requirement: $10,000 for first branch license $2,500 for each additional branch license

Mortgage Loan Originator (Individual)

  • NMLS Cost: $180

  • 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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