- NMLS Cost: $1450
- Additional Costs: $15 per credit report
- Surety Bond Requirement: $25,000; DE surety bonds must list the name and NMLS# of all company LOs
- Note: Once licensed, Delaware charges an annual assessment of at least $500 if loan files are stored in-state and at least $1000 if loan files are stored out-of-state
Broker License (Company)- NMLS Cost: $600
- Additional Costs: $15 per credit report
- Surety Bond Requirement: $50,000; DE surety bonds must list the name and NMLS# of all company LOs
- Note: Once licensed, Delaware charges an annual assessment of at least $500 if loan files are stored in-state and at least $1000 if loan files are stored out-of-state
Lender License (Company)- NMLS Cost: $770
- Additional Costs: $15.00 per credit report
- Branch manager: experience requirement of at least three (3) years lending/brokering.
- Staffing: must have a full-time Delaware licensed LO physically located in branch
Broker Branch License (Branch)- NMLS Cost: $520
- Additional Costs: $15.00 per credit report
- Branch manager: experience requirement of at least three (3) years lending/brokering.
- Staffing: must have a full-time Delaware licensed LO physically located in branch
Licensed Lender Branch License (Branch)- NMLS Cost: $530
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Annual assessment: once licensed, Delaware charges an annual $500 supervisory assessment per LO in July
- Surety bond: you will need a rider to your company's surety bond to include the name and NMLS number of the LO prior to license approval
Mortgage Loan Originator (individual)