Notice: Undefined index: enbl_2 in /home/ynaxr4qqyyiv/public_html/guidemortgagelicense.com/wp-content/plugins/us-map/src/usmap.php on line 165

Notice: Undefined index: enbl_28 in /home/ynaxr4qqyyiv/public_html/guidemortgagelicense.com/wp-content/plugins/us-map/src/usmap.php on line 165

Notice: Undefined index: enbl_32 in /home/ynaxr4qqyyiv/public_html/guidemortgagelicense.com/wp-content/plugins/us-map/src/usmap.php on line 165
New Jersey Mortgage Licensing - Guide Mortgage Licensing

New Jersey Mortgage Licensing

Mortgage Broker Licensing

License: New Jersey Residential Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, must be an officer of the company and licensed as a NJ MLO
Minimum Net Worth:  $50,000
Financial Statements:  CPA Audited (applicant or parent company)
Surety Bond Amount:  $150,000

License Cost Breakdown – Estimated fees not including Guide
Mortgage Licensing Service Fee:
$125 – Foreign Entity Fee
$169 – Registered Agent Fee
$1,500 – Surety Bond Fee
$1,300 – Company License Fee
$50 – NJ Fingerprinting per Owner/Officer
$530 – Qualified Individual License Fee
$79 – 4 hour State-Specific Education Course for Qualified Individual

Mortgage Lender Licensing

License: New Jersey Residential Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  Yes, must be an officer of the company and licensed as a NJ MLO
Minimum Net Worth:  $250,000
Financial Statements:  CPA Audited (applicant or parent company)
Surety Bond Amount:  $150,000
Company License Fee:  $1,300

Regulated by:

New Jersey Department of Banking & Insurance
Licensing Services Bureau, Banking
20 West State Street, 8th Floor
Trenton, NJ 08608
Phone: 609-292-7272
Fax: 609-777-0107
www.state.nj.us/dobi/index.shtml

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC