Brokers using warehouse lines must apply for Lender license
NMLS Cost: $750
Companies with their principal place of business in Georgia must have a Georgia licensed LO in place prior to applying
Additional Costs: $15 per credit report, $36.25 per criminal background check
Surety Bond Requirement: $150,000 (Electronic)
Additional requirements: control persons, 10% or more owners, and executive officers must mail a recent passport photo and GA state background check application outside of NMLS
Mortgage Lender License/Registration (Company)
NMLS Cost: $1250
Additional Costs: $15 per credit report, $36.25 per criminal background check
Companies with their principal place of business in Georgia must have a Georgia licensed LO in place prior to applying
Surety Bond Requirement: $250,000 (Electronic)
Additional requirements: control persons, 10% or more owners, and executive officers must mail a recent passport photo and GA state background check application outside of NMLS
Mortgage Branch Approval (Branch)
NMLS Cost: $350
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Branch Manager: must be a GA-licensed loan originator
Must upload a copy of the branch lease and additional GA-required branch agreements and documentation (contact us for details)
Mortgage Loan Originator (individual)
NMLS Cost: $130
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Lawful presence: must complete form to prove lawful presence in the U.S.; must include recent passport photo
Mortgage Broker/Processor License/Registration (Company)
Mortgage Branch Approval (Branch)
Mortgage Loan Originator (individual)