Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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©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.

Virginia State Licenses and Regulator Costs

Broker License (Company)

  • NMLS Cost: $600

  • Additional Costs: $15 per credit report, $25 for VA-state criminal background check per person

  • Personal Financial Statements: sole proprietor, directors, LLC members, senior officers, 10% or greater owners

  • References: three (3) business references and one (1) bank reference are required

  • Surety Bond Requirement: $25,000

Lender License (Company)

  • NMLS Cost: $600

  • Additional Costs: $15 per credit report, $25 for VA-state criminal background check per person

  • Personal Financial Statements: sole proprietor, directors, LLC members, senior officers, 10% or greater owners

  • References: three (3) business references and one (1) bank reference are required

  • Minimum Net Worth: $200,000 in funds available for operation of the business

  • Surety Bond Requirement: $50,000

Branch License (Branch)

  • NMLS Cost: $170

  • Additional Costs: none

  • Branch manager: must hold Viriginia MLO license

Mortgage Loan Originator (Individual)

  • NMLS Cost: $180

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

  • Surety Bond: individual surety bond required if not employed by or exclusive agent of licensed company

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