North Carolina Mortgage Licensing | North Carolina Commissioner of Banks

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Mortgage Banker | Mortgage Lender License

• Physical In-State Office Required: No
  
• Qualifying Individual: Yes, 3 years of experience in the mortgage industry (verified by a resume)
  
• Minimum Net Worth:  $100,000 (Audited)
  
• Surety Bond: $150,000, tiered
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  
• Experience/Education: The Qualifying Individual must have 3 years of experience in the mortgage industry
  
• Comments: You must provide evidence of a $1,000,000 warehouse line of credit. The HUD exemption from the surety bond was eliminated on 8/1/09.
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$250 – Foreign Entity App
$125 – Registered Agent Fee
$1,396 - Company License Fee
$1,500 - NC $150k Surety Bond
$38 - NC Criminal Background Check per Owner/Officer 

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Mortgage Broker | Mortgage Broker License

• Physical In-State Office Required: Yes, commercial location in NC manned by a NC Licensed LO with 3 years mortgage experience
  
• Qualifying Individual: Yes, 3 years of experience in the mortgage industry (verified by a resume)
  
• Minimum Net Worth: $25,000 and evidence from a bank of $10,000 in depository account
  
• Surety Bond: $75,000, tiered
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$250 – Foreign Entity App
$125 – Registered Agent Fee
$1,396 - Company License Fee
$750 - NC $75k Surety Bond
$38 - NC Criminal Background Check per Owner/Officer

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Mortgage Servicer | Mortgage Servicer License

• Physical In-State Office Required: No
  
• Qualifying Individual: Yes, 3 years of experience in the mortgage industry (verified by a resume)
  
• Minimum Net Worth: $100,000 - Audited
  
• Surety Bond: $150,000
  
• Branch Licensing: No
  
• Loan Originator Licensing: N/A
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$250 – Foreign Entity App
$125 – Registered Agent Fee
$1,396 - Company License Fee
$1,500 - NC $150k Surety Bond
$38 - NC Criminal Background Check per Owner/Officer 

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Regulated by:
North Carolina Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699-4309
Christian Gering - LO Apps - 919-733-3016 - [email protected]
Vivian Laney-Dobbins - New Company License Apps - [email protected]
Vanessa Clark - Branch License Apps - [email protected]
Theresa Browning - Asst. Director - [email protected]
Charlie Fields, Director [email protected]
Mary DesChamps, Education Director [email protected]
Joel Killion, [email protected]
Lisa Johnson, [email protected]
Phone: (919) 733-3016
Fax: (919) 733-6918
http://www.nccob.gov/public/