- NMLS Cost: $550
- No brick and mortar requirement, but must be either a) HUD direct lender, b) FNMA (Fannie) seller/servicer, c) FHMC (Freddie) seller/servicer, or d) GNMA (Ginnie) issuer; proof of each claimed qualification must be uploaded in NMLS
- SS-4 letter must be uploaded into NMLS
Mortgage Banker Registration (Company)- NMLS Cost: $250
- Brick and mortar requirement
- SS-4 letter must be uploaded into NMLS (contact us for help)
Mortgage Company License (Company)- NMLS Cost: $700
- Surety Bond Requirement: $25,000 or $50,000 depending on volume (contact us)
- SS-4 letter must be uploaded into NMLS (contact us for help)
Residential Mortgager Loan Servicer Registration (Company)- NMLS Cost: $20 (Yes, $20)
- Plan ahead: these applications typically take at least a few weeks for regulator review
Mortgage Banker Branch License (Branch)- NMLS Cost: $70
- Plan ahead: these applications typically take at least a few weeks for regulator review
Mortgage Company License (Branch)- NMLS Cost: $290
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- Education: Texas requires three (3) hours of TX-approved pre-licensure education as part of your national education requirement
Mortgage Loan Originator (Individual)