Nevada State Licenses and Regulator Costs

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Mortgage Banker License (Company)

NMLS Cost: $2,600
Additional Costs: $15 per credit report, $36.25 per criminal background check
Brick and Mortar: an in-state office or branch is required (except wholesale companies)
Qualifying Individual: each licensed location requires a designated Qualified Employee; the QE must have two years of verifiable mortgage experience
Surety Bond Requirement: $50,000 or $70,000 (electronic) varying by loan production (contact us for assistance)
Nevada Secretary of State Approval: the Nevada SOS must provide approval to register your company in the state. You are required to go through the licensing process and receive a conditional license first. Contact Lynx Licensing for assistance.

Mortgage Broker License (Company)

NMLS Cost: $2,600
Additional Costs: $15 per credit report, $36.25 per criminal background check
Brick and Mortar: an in-state office or branch is required (except wholesale companies)
Qualifying Individual: each licensed location requires a designated Qualified Employee; the QE must have two years of verifiable mortgage experience
Surety Bond Requirement: $50,000 or $75,000 (electronic) varying by loan production (contact us for assistance)
Nevada Secretary of State Approval: the Nevada SOS must provide approval to register your company in the state. You are required to go through the licensing process and receive a conditional license first. Contact Lynx Licensing for assistance.

Mortgage Servicer License (Company)

NMLS Cost: $2,600
Additional Costs: $15 per credit report, $36.25 per criminal background check
Brick and Mortar: an in-state office or branch is required (except wholesale companies)
Qualifying Individual: each licensed location requires a designated Qualified Employee; the QE must have two years of verifiable mortgage experience
Surety Bond Requirement: varies from $100,000 to $300,000 (electronic) depending on loan servicing volume (contact us for assistance)
Nevada Secretary of State Approval: the Nevada SOS may need to provide approval to register your company in the state. You are required to go through the licensing process and receive a conditional license first. Contact Lynx Licensing for assistance.

Supplemental Mortgage Servicer License (Company)

NMLS Cost: $1,100
Additional Costs: $15 per credit report, $36.25 per criminal background check
Brick and Mortar: an in-state office or branch is required (except wholesale companies)
Qualifying Individual: each licensed location requires a designated Qualified Employee; the QE must have two years of verifiable mortgage experience
Surety Bond Requirement: varies from $100,000 to $300,000 (electronic) depending on loan servicing volume (contact us for assistance)
Nevada Secretary of State Approval: the Nevada SOS may need to provide approval to register your company in the state. You are required to go through the licensing process and receive a conditional license first. Contact Lynx Licensing for assistance.
This is a specialized license; contact Lynx Licensing for additional details.

Mortgage Banker Branch License (Branch)

NMLS Cost: $520
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Qualified Employee: as described above, each location requires a Qualified Employee

Mortgage Broker Branch License (Branch)

NMLS Cost: $520
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Qualified Employee: as described above, each location requires a Qualified Employee

Mortgage Agent License (Individual)

NMLS Cost: $225
Additional Costs: $15.00 per credit report, $36.25 per criminal background check
Education: Nevada requires four (4) hours of NV-approved pre-licensure education as part of its thirty (30) hour national education requirement. These requirements are greater than most states.