West Virginia State Licenses and Regulator Costs

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Mortgage Broker License (Company)

NMLS Cost: $450
Additional Costs: $15 per credit report, $36.25 per criminal background check
Minimum Net Worth: $10,000
Surety Bond Requirement: varies - $50,000 or $100,000 (contact us for details)

Mortgage Lender License (Company)

NMLS Cost: $1,350
Additional Costs: $15 per credit report, $36.25 per criminal background check
Minimum Net Worth: $250,000
Surety Bond Requirement: varies - $100,000 to $250,000 (contact us for details)

Mortgage Broker License (Branch)

NMLS Cost: $450
Additional Costs: none

Mortgage Lender License (Branch)

NMLS Cost: $1,350
Additional Costs: none

Mortgage Loan Originator (Individual)

NMLS Cost: $80
Additional Costs: $15.00 per credit report, $36.25 per criminal background check Education: West Virginia requires four (4) hours of WV-approved pre-licensure education as part of
Education: West Virginia requires four (4) hours of WV-approved pre-licensure education as part of twenty-two (22) hours of NMLS-approved pre-licensure education