Short answer
Generally yes. Mortgage licensing follows where the property and borrower are, so you usually need a license in each state where you originate, broker, or service loans, not only your home state. Each license is maintained through the NMLS with its own surety bond and renewal, so a multi-state lender holds several at once.
The trigger for mortgage licensing is the location of the borrower and the property, which means lending into a new state usually requires a license there. Loan originators are licensed individually and sponsored by their licensed company, and the company holds a license in each state too.
Every state sets its own bond amount, education, and renewal schedule inside the NMLS, so a national mortgage operation manages many licenses, bonds, and deadlines together.
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