Physical Location Required

Individual Loan Officer Licensing Required?

Testing Required to Become Loan Officer?

Part of the Nationwide Mortgage Licensing System?

License Required for Loan Modification?

Yes

Broker Requirements:

(1) $1,000 initial application/licensing fee

(2) $100 per branch

(3) $500 annual licensing fee

(4) $50,000 Surety Bond

(5) Provide business, employment & credit history reports

(6) Sole Proprietor licensed as broker may be licensed as a Loan Officer

(7) Maintain & work from a designated principal office in state, where all records/files are to be kept

Loan Officer Requirements:

(1) 18 years of age

(2) Education (NC Mortgage Fundamentals Course)

(3) Completion and passing grade on Loan Officer Exam

North Carolina Commissioner of Banks

Physical Location:

316 W. Edenton Street

Raleigh, NC 27603

Mailing Address:

4309 Mail Service Center

Raleigh, NC 27699-4309

Phone: 919.733.3016

Fax: 919.733.6918

NC Mortgage Licensing Division: 919.733.0589

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