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New Articles:
- Pennsylvania Surety Bond Mortgage Licensing Requirements
- Rhode Island Mortgage Loan Originator Professional Requirements under SAFE
- Illinois Requires Licensing of Mortgage Loan Originators
- Kansas Mortgage Broker Licensing becomes part of NMLS
- Maryland NMLS-Approved SAFE Mortgage Loan Originator Test Available
Contact Us
For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
North Carolina Mortgage Licensing
Mortgage Banker
Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $100,000 (Audited)
Surety Bond: $150,000
State Initial Fee: $1,875
State Renewal Fee: $937.50
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: 3 years of experience in the mortgage industry as the managing principal of the company
Comments: You must provide evidence of a $1,000,000 warehouse line of credit. You will need to get the mortgage lender license unless you are able to obtain a physical office in the state. The HUD exemption from the surety bond was eliminated on 8/1/09. For the loan officer license, you will need to complete 24 hours of approved education in a live classroom and pass an exam.
Mortgage Broker
Mortgage Broker License
Physical Office Required: Yes
In-State Officer/ Key Person: Yes
Minimum Net Worth: $25,000 and evidence from a bank of $10,000 in depository account
Surety Bond: $50,000
State Initial Fee: $1,875
State Renewal Fee: $937.50
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: 3 years of experience in the mortgage industry as the managing principal of the company
Regulated by:
North Carolina Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699-4309
Christian Gering - LO Apps - 919-733-3016
Vivian Laney-Dobbins - New Company License Apps - vdobbin@nccob.gov
Vanessa Clark - Branch License Apps - vclark@nccob.gov
Theresa Browning - Supervisor - tbrowning@nccob.gov
Phone: (919) 733-3016
Fax: (919) 733-6918
http://www.nccob.org/NCCOB/