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 twenty-two (22) hours of NMLS-approved pre-licensure education

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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