- NMLS Cost: $600
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Qualifying Individual: must be licensed originator in-state; must have at least three (3) years of mortgage experience
- Surety Bond Requirement: .50% of aggregate loan origination volume, up to a maximum of $150,000, plus $10,000 per location
Residential Mortgage Lending Act (RMLA) Registration (Company)- NMLS Cost: $100
- Qualifying Individual: supervisor must be Ohio licensed mortgage loan originiator
- Surety Bond Requirement: $50,000
Third Party Processor and/or Underwriter Registration (Company)- NMLS Cost: $520
RMLA Branch Registration (Branch)- NMLS Cost: $180
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Education: Ohio requires four (4) hours of Ohio-approved pre-licensure education as part of your national education requirement
Mortgage Loan Originator (Individual)