New Jersey Residential Mortgage Broker

Summary

Get Licensed in New Jersey to broker and originate mortgages. We can help facilitate the entire process from start to finish to obtain your state licenses. Below is the general licensing requirements for the state, you can add to cart online and check out to purchase our services. The fees listed below are only our consulting service fees and do not include third party fees involved in obtaining the licenses.

General Requirements

Financial Statements

Upload an unqualified, audited financial statement prepared by a Certified Public Accountant in accordance with Generally Accepted Accounting Principles dated within 90 days of your fiscal year end demonstrating that the company has a minimum tangible net worth of $50,000. Financial statements should include a Balance Sheet, Income Statement and Statement of Cash Flows and all relevant notes thereto.

Resident/Registered Agent

The Resident/Registered Agent section of the NMLS Company Form should be completed with the information currently on record with the New Jersey Division of Revenue.

Surety Bond

$150,000 furnished by a surety company authorized to conduct business in New Jersey.

Management/Org Chart

Required

Business Plan

None

Source

Information Source NMLS website

$1,585.00 Processing Fee

* Includes 1 Company State license and 1 individual License