| Company Licenses |
Description |
Requirements Checklist |
| Mortgage Lender License |
This license is required of any company or sole proprietor who for compensation or gain, closes a mortgage loan, advances funds, offers to advance funds, or makes a commitment to advance funds to a borrower under a mortgage loan on residential real property located in North Carolina. (More Details) |
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| Mortgage Servicer License |
This license is required of any company or sole proprietor who for compensation or gain from another or on its own behalf is in the business of receiving any scheduled periodic payments from a borrower pursuant to the terms of any mortgage loan, including amounts for escrow accounts, and making the payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the mortgage loan, the mortgage servicing loan documents, or servicing contract. (More Details) |
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| Mortgage Broker License |
This license is required of any company or sole proprietor who for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly, accepts or offers to accept an application for a mortgage loan, solicits or offers to solicit a mortgage loan, negotiates the terms or conditions of a mortgage loan, issues mortgage loan commitments or interest rate guarantee agreements to borrowers, or engages in tablefunding of mortgage loans, whether such acts are done through contact by telephone, by electronic means, by mail, or in person with the borrowers or potential borrowers on residential real property located in North Carolina. (More Details) |
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| Branch Licenses |
Description |
Requirements Checklist |
| Branch License |
This license is required of any office location that is separate and distinct from a principal office where a company or sole proprietor acts as a Mortgage Lender, Affiliated Mortgage Banker, or Mortgage Broker regarding residential real property in North Carolina. (More Details) |
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| Individual Licenses |
Description |
Requirements Checklist |
| Mortgage Loan Originator License |
This license is required of any individual who, in exchange for compensation as an employee of a Mortgage Lender or Mortgage Broker, accepts or offers to accept applications for mortgage loans on residential real property in North Carolina. (More Details) |
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| Exclusive Mortgage Broker |
This license is required of any individual who acts as a Mortgage Broker exclusively for State Farm Bank, Primerica Financial Services Home Mortgages, Inc., or single exempt person and for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly, accepts or offers to accept an application for a mortgage loan, solicits or offers to solicit a mortgage loan, negotiates the terms or conditions of a mortgage loan, issues mortgage loan commitments or interest rate guarantee agreements to borrowers, or engages in table funding of mortgage loans, whether such acts are done through contact by telephone, by electronic means, by mail, or in person with the borrowers or potential borrowers on residential real property located in North Carolina. (More Details) |
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