West Virginia State Licenses and Regulator Costs

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