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
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
