- NMLS Cost: $1450
- Additional Costs: $15 per credit report
- Surety Bond Requirement: $50,000
- Personal Financial Statements: Kentucky requires current personal financial statements for each 10% or greater owner of the company (outside of NMLS)
Mortgage Broker License (Company)- NMLS Cost: $1450
- Additional Costs: $15 per credit report
- Surety Bond Requirement: $250,000
- Personal Financial Statements: Kentucky requires current personal financial statements for each 10% or greater owner of the company (outside of NMLS)
Mortgage Company License (Company)- NMLS Cost: $420
- Additional Costs: $15.00 per credit report, $36.25
- Branch Manager: a branch manager who works out of the branch location is required
- Additional requirements: the Kentucky Department of Financial Institutions requires a branch authorization form and a copy of the branch lease to mailed in
Mortgage Broker Branch License (Branch)- NMLS Cost: $420
- Additional Costs: $15.00 per credit report, $36.25
- Branch Manager: a branch manager who works out of the branch location is required
- Additional requirements: the Kentucky Department of Financial Institutions requires a branch authorization form and a copy of the branch lease to mailed in
Mortgage Company Branch License (Branch)- NMLS Cost: $80
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Surety Bond: a $15,000 or $20,000 surety bond is required for originators who are not covered by their employer's surety bond
Loan Originator License (Individual)