West Virginia Transition Plan

Choose from the following license dates to view the correct transition requirements:

Licensed on or after July 1, 2009

Licensed on or before June 30, 2009

Current Company Licensees/Registrants - Licensed on or after July 1, 2009

Companies holding a Mortgage Lender License or a Mortgage Broker License in West Virginia that was initially issued on or after July 1, 2009 had until January 31, 2010 to complete and submit through NMLS a Form MU1 for their company and a Form MU2 for each of their control persons.

Additionally, for each branch holding a Mortgage Lender or Mortgage Broker Branch license, a company should have completed and submitted through NMLS a Form MU3 by January 31, 2010.

If you did not transition your license/registration prior to the dealine please note that the Division of Banking may assess an administrative penalty outside NMLS for the late filing. Please contact the West Virginia Division of Banking with any questions.

Current Mortgage Loan Originators - Licensed on or after July 1, 2009

Mortgage Loan Originators should consult with their employer before logging into the NMLS and completing a Form MU4.

Mortgage Loan originators in West Virginia with an original license date on or after July 1, 2009 had until January 31, 2010 to complete and submit a Form MU4 through the NMLS. Companies employing loan originators are required to Sponsor their license in NMLS. Be advised that the Company MU1, the Branch Location MU3 (when the Loan originator works from a branch) and the Loan originator MU4 must all be submitted prior to the company sponsoring the loan originator's license.

Current Company Licensees/Registrants - Licensed on or before June 30, 2009

Companies holding a Mortgage Lender License or a Mortgage Broker License in West Virginia that was originally issued prior to July 1, 2009 and have held an active license since that date have until October 1, 2010 to complete and submit through NMLS a Form MU1 for their company and a Form MU2 for each of their control persons.

Additionally, for each branch holding a Mortgage Lender or Mortgage Broker Branch license, a company must complete and submit through NMLS a Form MU3 by October 1, 2010.

It is important that current licensees have all of their West Virginia license numbers available when completing and submitting their Form MU1 and Form MU3(s).

Any licensee that needs to amend or surrender a license, establish or terminate a sponsorship of a mortgage loan officer license, or other action previously completed in paper form, from December 1, 2009 onward must complete these actions within NMLS. Paper forms will not be accepted after November 30, 2009.

We encourage you to update your information with our office prior to November 30, 2009, so at the time of transition there will be no pending changes to submit. Amendments after November 30, 2009 cannot be processed unless the company has successfully transitioned onto the NMLS.

NOTE: If you have submitted these forms in another state, then you do not need to re-enter your company record into NMLS. You will only need to identify the appropriate license in West Virginia and complete a few state specific fields.

Current Mortgage Loan Originators - Licensed on or before June 30, 2009

Mortgage Loan Originators should consult with their employer before logging into the NMLS and completing a Form MU4.

Mortgage Loan originators in West Virginia with an active license, originally licensed prior to July 1, 2009 have until October 1, 2010 to complete and submit a Form MU4 through the NMLS. Companies employing loan originators are required to Sponsor their license in NMLS. Be advised that the Company MU1, the Branch Location MU3 (when the Loan originator works from a branch) and the Loan originator MU4 must all be submitted prior to the company Sponsoring the loan originators license.

It is important that current licensees have their West Virginia license number available when completing and submitting their Form MU4.

NOTE: If you have submitted a Form MU4 in another state, then you do not need to re-enter your record into NMLS. You will only need to identify the appropriate license in West Virginia and complete a few state specific fields.

Loan originators can complete and submit Form MU4 themselves or their company can complete Form MU4 and have the loan originator log in to the NMLS and electronically attest to its accuracy.

Mortgage Loan originators licensed on or before June 30, 2009 must meet the additional requirements listed below by October 1, 2010.

The following requirements must be complete when the transition request is submitted:

Pre-licensure education certification and/or completion of approved courses
A Passing Score on a National Mortgage Test
Satisfactory criminal background check including finger prints
West Virginia Division of Banking satisfactory review of a credit report
License Sponsorship in NMLS by your company

Mortgage Loan originators submitting transition requests after the West Virginia State Test Component becomes available must also have successfully obtained a passing score on the test.