New York Mortgage Lender license
New York Requires Mortgage Lenders to be Licensed
New York mortgage lender licensing: New York requires companies to be licensed as a Mortgage Lender. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a New York Certificate of Authority is required if a company does business in New York regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of New York requires companies not incorporated in New York to obtain before “transacting business” within the state borders of New York .
License Fees
The filing fee for getting licensed as a mortgage lender in New York is: $3,000.
The filing fee for getting licensed as a mortgage banker in New York is: $3,000.
The filing fee for getting licensed as a mortgage broker in New York is: $1,500.
The filing fee for getting licensed as a mortgage servicer in New York is: $3,000.
The filing fee for getting a Reverse Mortgage (HECM) Lending license in New York is: Call for a quote.
The filing fee for getting a Reverse Mortgage Lending Dual Authority license in New York is: Call for a quote.
The filing fee for a foreign limited liability company to register a New York Certificate of Authority is $250.
The filing fee for a foreign corporation to register a New York Certificate of Authority is $225.
Please note: While every effort is made to keep this information up-to-date, no guarantee is made or implied that the the fees stated above are current. Each state implements updates to their fees on their own time-table and a fee increase could be implemented since this information was last verified. Please call our office at 888-315-0805 to verify the latest fee schedules.
Do you want to check on other states’ requirements for obtaining a New mortgage lender license? Click here.
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