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Florida Mortgage Broker License (Company)
NMLS Cost: $525
Additional Costs: $15 per credit report, $36.25 per criminal background check
Qualifying Individual: a "Principal Loan Originator" that is licensed in Florida with at least one (1) year of active mortgage experience os required (an LO license for at least one (1) year is satisfactory evidence)
Additional Fingerprinting: control persons, owners, and executive officers must complete Florida live scan fingerprints outside of NMLS. Costs vary (contact us and we can guide you).
Florida Mortgage Lender License (Company)
NMLS Cost: $600
Additional Costs: $15 per credit report, $36.25 per criminal background check
Qualifying Individual: a "Principal Loan Originator" that is licensed in Florida
Minimum Net Worth: $63,000 verified by an audited financial statement
Additional Fingerprinting: control persons, owners, and executive officers must complete Florida live scan fingerprints outside of NMLS. Costs vary (contact us and we can guide you).
Mortgage Lender Servicer License (Company)
Required to service loans
NMLS Cost: $600
Additional Costs: $15 per credit report, $36.25 per criminal background check
Qualifying Individual: a "Principal Loan Originator" that is licensed in Florida
Minimum Net Worth: $250,000 verified by an audited financial statement
Additional Fingerprinting: control persons, owners, and executive officers must complete Florida live scan fingerprints outside of NMLS. Costs vary (contact us and we can guide you)
Morgage Broker Branch License (Branch)
NMLS Cost: $245
Branch manager: must be Florida licensed LO
Florida allows home office locations to be licensed
Morgage Lender Branch License (Branch)
NMLS Cost: $245
Branch manager: must be Florida licensed LO
Florida allows home office locations to be licensed
Morgage Lender Servicer Branch License (Branch)
NMLS Cost: $245
Branch manager: must be Florida licensed LO
Mortgage Loan Originator (individual)
NMLS Cost: $225
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Additional fingerprinting: Florida requires fingerprints from a state-authorized live scan provider. Costs vary (contact us for details) but are approximately $26.
Education: FL requires two (2) hours of FL-specific pre-licensure education; all applicants must demonstrate that they have a high school degree and must be at least 18 years old
Loan processors: loan processors that process loans for more than one company must obtain this license
Florida Mortgage Broker License (Company)
Morgage Broker Branch License (Branch)
Mortgage Loan Originator (individual)