Vermont State Licenses and Regulator Costs

Lender License (Company)

  • NMLS Cost: $2,100 (plus $1,100 per other trade name)

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

  • Qualifying Individual: required

  • Surety Bond Requirement: $50,000 (electronic)

Loan Servicer License (Company)

  • NMLS Cost: $2,100

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

  • Qualifying Individual: required

  • Surety Bond Requirement: $100,000 (electronic)

Mortgage Broker Sole Proprietor License (Company)

  • NMLS Cost: $600

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

  • Qualifying Individual: required

  • Surety Bond Requirement: $25,000 (electronic)

Mortgage License (Company)

  • NMLS Cost: $1,100

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

  • Qualifying Individual: required

  • Surety Bond Requirement: $25,000 (electronic)

Lender License (Branch)

  • NMLS Cost: $1,020

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

  • Branch Manager: must live within fifty (50) miles of branch location

  • Surety Bond: company must obtain $50,000 bond rider to add branch location

Loan Servicer License (Branch)

  • NMLS Cost: $1,020

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

  • Branch Manager: must live within fifty (50) miles of branch location

  • Surety Bond: company must obtain $100,000 bond rider to add branch location

Mortgage Broker License (Branch)

  • NMLS Cost: $1,020

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

  • Branch Manager: must live within fifty (50) miles of branch location

  • Surety Bond: company must obtain $25,000 bond rider to add branch location

Mortgage Loan Originator (Individual)

  • NMLS Cost: $130

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

  • Education: Vermont requires two (2) hours of VT-approved pre-licensure education as part of your national education requirement

  • Home state license requirement: you must be licensed as a mortgage loan originator in your state of residence

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

Photo credit: Ken Sturm/USFWS.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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