West Virginia Mortgage Licensing | West Virginia Division of Financial Institutions

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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 Originator Licensing: Yes
  
• Experience/Education: None
  

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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 Originator Licensing: Yes
  
• Experience/Education: None
  

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Regulated by:
West Virginia Division of Financial Institutions
900 Pennsylvania Ave., Suite 306
Charleston, WV 25302-3542
Telephone: (304) 558-2294 
Fax: (304) 558-0442
Ruth Holt - 304-558-2294 ext 214 - [email protected]
http://www.dfi.wv.gov/