North Carolina Mortgage Licensing


 

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
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 Integrity Mortgage Licensing 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


 

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

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing 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


 

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

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing 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


 

Regulated by:

North Carolina Commissioner of Banks

4309 Mail Service Center
Raleigh, NC 27699-4309

Director | Charlie Fields | cfields@nccob.gov
Asst. Director | Theresa Browning | tbrowning@nccob.gov
Education Director | Mary DesChamps | mdeschamps@nccob.gov
New Company License Apps | Vivian Laney-Dobbins | vdobbin@nccob.gov
LO Apps | Christian Gering | cgering@nccob.gov | 919-733-3016
Joel Killion | Jkillion@nccob.gov
Lisa Johnson | Ljohnson@nccob.gov
Phone: 919-733-3016
Fax: 919-733-6918