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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.
West Virginia Mortgage Licensing
Mortgage Banker
Mortgage Banker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $250,000
Surety Bond: $100,000 for licensees with West Virginia annual loan originations of $0 to $3 million, $150,000 for West Virginia annual loan originations greater than $3 million and up to $10 million, and $250,000 for West Virginia annual loan originations over $10 million
State Initial Fee: $1,250
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: None
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $10,000
Surety Bond: $50,000 or $100,000 if engaged in tablefunding
State Initial Fee: $350
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: None
Regulated by:
West Virginia Division of Banking
One Players Club Drive
Suite 300
Charleston, WV 25311-1638
Telephone: (304) 558-2294
Fax: (304) 558-0442
Ruth Holt - 304-558-2294 ext 214 - rholt@wvdob.org
http://www.wvdob.org/