Texas Licenses and Regulator Costs

Mortgage Banker Registration (Company)

  • NMLS Cost: $550

  • No brick and mortar requirement, but must be either a) HUD direct lender, b) FNMA (Fannie) seller/servicer, c) FHMC (Freddie) seller/servicer, or d) GNMA (Ginnie) issuer; proof of each claimed qualification must be uploaded in NMLS

  • SS-4 letter must be uploaded into NMLS

Mortgage Company License (Company)

  • NMLS Cost: $250

  • Brick and mortar requirement

  • SS-4 letter must be uploaded into NMLS (contact us for help)

Residential Mortgager Loan Servicer Registration (Company)

  • NMLS Cost: $700

  • Surety Bond Requirement: $25,000 or $50,000 depending on volume (contact us)

  • SS-4 letter must be uploaded into NMLS (contact us for help)

Mortgage Banker Branch License (Branch)

  • NMLS Cost: $20 (Yes, $20)

  • Plan ahead: these applications typically take at least a few weeks for regulator review

Mortgage Company License (Branch)

  • NMLS Cost: $70

  • Plan ahead: these applications typically take at least a few weeks for regulator review

Mortgage Loan Originator (Individual)

  • NMLS Cost: $290

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

  • Education: Texas requires three (3) hours of TX-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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