Lender Matrix
Thomas Law Firm Processing Fees
NMLS Application Fees
Secretary of State Registations
Surety Bond Annual Premiums
Below is the Thomas Law Firm Mortgage Banker Lender Matrix of Costs Spreadsheet which details the 4 out-of-pocket fees for your mortgage licensing project: [1] the Thomas Law Firm processing fee [2] the State Application filing fees [3] the Secretaries of States Registrations and [4] the Surety Bond annual premiums.
TO START A LICENSING PROJECT, CLICK HERE.
| State | License | Facts | TLF Procesing Fee | State Applic. Filing Fees | Sec. of State Regis- trations | Estimated Surety Bond Annual Premiums | Surety Bond Requirements | Company Net Worth Req. | Warehouse Credit Line | State Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1st Mortgage Lender Licenses | |||||||||||||
| 1 | AK | Lender | 500 | 850 | 655 | 250 | 25,000 | 0 | 0 | $2,255.00 | |||
| 2 | AL | Lender | 500 | 700 | 350 | 250 | 25,000 | 25k | 0 | $1,800.00 | |||
| 3 | AR | Banker | 500 | 850 | 575 | 1000 | 100,000 | 25k | 0 | $2,925.00 | |||
| 4 | AZ | Banker | Phy. Office | 500 | 1500 | 565 | 250 | 25,000 | 100-250k | 0 | $2,815.00 | ||
| 5 | CA | Banker | 500 | 1100 | 365 | 500 | 50,000 | 250k | 1 Million | $2,465.00 | |||
| 6 | CO | 1st Ret. Lender | 500 | 298 | 525 | 250 | 25,000 | 0 | 0 | $1,573.00 | |||
| 7 | CT | Lender | 500 | 1100 | 410 | 1000 | 100,000 | 250k | 0 | $3,010.00 | |||
| 8 | DC | Lender | 500 | 1400 | 495 | 125 | 12,500 | 10k | 0 | $2,520.00 | |||
| 9 | DE | Lender | 500 | 250 | 460 | 500 | 50,000 | N/A | 0 | $1,710.00 | |||
| 10 | FL | Lender | 500 | 758 | 430 | 0 | 0 | 250k | 0 | $1,688.00 | |||
| 11 | GA | Lender | 500 | 1250 | 605 | 150 | 150,000 | N/A | 0 | $2,505.00 | |||
| 12 | HI | Lender | Phy. Office | 500 | 1,300 | 380 | 0 | 0 | 0 | 0 | $2,180.00 | ||
| 13 | IA | Banker | 500 | 500 | 405 | 1000 | 100,000 | N/A | 0 | $2,405.00 | |||
| 14 | ID | Lender | 500 | 700 | 385 | 0 | 0 | 10k | 0 | $1,585.00 | |||
| 15 | IL | Lender | 500 | 2800 | 960 | 250 | 25,000 | 150k | 0 | $4,510.00 | |||
| 16 | IN | Lender | 500 | 1100 | 370 | 1000 | 100,000 | 100k | 0 | $2,970.00 | |||
| 17 | KS | Lender | 500 | 1000 | 465 | 1000 | 100,000 | 250k | 0 | $2,965.00 | |||
| 18 | KY | Lender | 500 | 850 | 435 | 2,500 | 250,000 | 100k | 1 Million | $4,285.00 | |||
| 19 | LA | Lender | 500 | 500 | 440 | 250 | 25,000 | 50k | 0 | $1,690.00 | |||
| 20 | MA | Lender | 500 | 1500 | 815 | 1000 | 100,000 | 200k | 1 Million | $3,815.00 | |||
| 21 | MD | Lender | 500 | 1200 | 445 | 500 | 50,000 | N/A | 0 | $2,645.00 | |||
| 22 | ME | Lender | 500 | 450 | 575 | 500 | 50,000 | 50k | 0 | $2,025.00 | |||
| 23 | MI | 1st Lender | 500 | 1550 | 335 | 1250 | 125,000 | 25k | 0 | $3,635.00 | |||
| 24 | MN | Lender | 500 | 1200 | 465 | 1000 | 100,000 | 250k | 0 | $3,165.00 | |||
| 25 | MO | Lender | Phy. Office | 500 | 300 | 275 | 500 | 50,000 | 25k | 0 | $1,575.00 | ||
| 26 | MS | Lender | 500 | 851 | 560 | 1,500 | 150,000 | 0 | 0 | $3,411.00 | |||
| 27 | MT | 1st Lender | 500 | 850 | 375 | 250 | 25,000 | N/A | 0 | $1,975.00 | |||
| 28 | NC | Lender | 500 | 1,396 | 630 | 1,500 | 150,000 | 100k | 1 Million | $4,026.00 | |||
| 29 | ND | Lender | 500 | 900 | 400 | 250 | 25,000 | N/A | 0 | $2,050.00 | |||
| 30 | NE | Banker | 500 | 500 | 400 | 1000 | 100,000 | N/A | 0 | $2,400.00 | |||
| 31 | NH | Lender | 500 | 600 | 380 | 200 | 100,000 | 100k | 0 | $1,680.00 | |||
| 32 | NJ | Banker | 500 | 1300 | 455 | 1500 | 150,000 | 250k | 0 | $3,755.00 | |||
| 33 | NM | Lender | 500 | 1500 | 380 | 500 | 50,000 | N/A | 0 | $2,880.00 | |||
| 34 | NV | Banker | Phy. Office | 500 | 2848 | 480 | 500 | 50,000 | 0 | 0 | $4,328.00 | ||
| 35 | NY | Banker | 500 | 3000 | 1385 | 500 | 50,000 | 250k | 1 Million | $5,385.00 | |||
| 36 | OH | 1st Lender | Phy. Office | 500 | 600 | 500 | 500 | 50,000 | N/A | 0 | $2,100.00 | ||
| 37 | OK | Lender | 500 | 1760 | 605 | 0 | 0 | N/A | 0 | $2,865.00 | |||
| 38 | OR | Lender | 500 | 1060 | 330 | 500 | 50,000 | N/A | 0 | $2,390.00 | |||
| 39 | PA | Banker | 500 | 1600 | 545 | 1000 | 100000 | 250k | 1 Million | $3,645.00 | |||
| 40 | RI | Lender | 500 | 1750 | 435 | 500 | 50,000 | 100k | 0 | $3,185.00 | |||
| 41 | SC | Lender | 500 | 1100 | 385 | 500 | 50,000 | N/A | 0 | $2,485.00 | |||
| 42 | SD | Lender | 500 | 750 | 820 | 250 | 25,000 | N/A | 0 | $2,320.00 | |||
| 43 | TN | Lender | 500 | 700 | 585 | 2000 | 200,000 | 25k | 0 | $3,785.00 | |||
| 44 | TX | Lender | Phy. Office | 500 | 630 | 1055 | 0 | 0 | 25k | 0 | $2,185.00 | ||
| 45 | UT | 1st Lender | 500 | 512 | 407 | 0 | 0 | N/A | 0 | $1,419.00 | |||
| 46 | VA | Lender | $200,000 Funds | 500 | 600 | 485 | 500 | 50,000 | 0 | 0 | $2,085.00 | ||
| 47 | VT | Lender | 500 | 2100 | 375 | 500 | 50,000 | 25k | 0 | $3,475.00 | |||
| 48 | WA | Lender | 500 | 1162.21 | 475 | 1000 | 100,000 | N/A | 0 | $3,137.21 | |||
| 49 | WI | Lender | 500 | 1100 | 430 | 3000 | 300,000 | 250k | 0 | $5,030.00 | |||
| 50 | WV | Lender | 500 | 1350 | 455 | 1000 | 100,000 | 10k | 0 | $3,305.00 | |||
| 51 | WY | Lender | 500 | 500 | 365 | 250 | 25,000 | N/A | 0 | $1,615.00 | |||
| Total | 25500 | 56025.21 | 25882 | 34225 | 3,637,500 | ||||||||
| Pay to | Pay to | Pay to | Pay to | ||||||||||
| TLF | State | Corp Sv Co | Ins Comp. | ||||||||||
| Thomas Law Firm Fees | $25,500.00 | ||||||||||||
| Additional Licensing Fees | 116,132.21 | ||||||||||||
| TOTAL LICENSING FEE | $141,632.21 | ||||||||||||
