North Carolina Mortgage Licensing
Mortgage Broker Licensing
License: North Carolina Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: Yes, QI requires 3 years of experience in mortgage lending/origination, must have taken the 20 hour pre-licensing course within the past 3 years an passed the NMLS exam within the past 5.
Minimum Net Worth: $25,000 (at least $10,000 in bank)
Financial Statements: Unaudited
Surety Bond Amount: $75,000
Company License Fee: $1,250
Mortgage Lender Licensing
License: North Carolina Mortgage Lender License
Physical Office Required: No
Qualifying Individual Required: Yes, QI requires 3 years of experience in mortgage lending/orignation, must have taken the 20 hour pre-licensing course within the past 3 years an passed the NMLS exam within the past 5. Must retake pre-licensing course and exam if it has been more than those timeframes.
Minimum Net Worth: $100,000 net worth (evidence of $1,000,000 warehouse line of credit)
Financial Statements: CPA Audited
Surety Bond Amount: $150,000
Company License Fee: $1,250
Regulated by:
NC Commissioner of Banks Office, Mortgage Division
316 W. Edenton St.
Raleigh, NC 27603
Phone: 919-733-3016
Fax: 919-733-6918
Company@nccob.gov