COVID-19 Update: We are reducing costs for qualified applicants, and offering same day bonding.
Please apply online, or call our team for assistance. Learn more
Contact Our Experts

West Virginia Mortgage Broker License Guide

In West Virginia, anyone engaged in the mortgage brokerage and mortgage lending business is required to obtain a license. The West Virginia Division of Financial Institutions regulates and issues all mortgage licenses.

The Nationwide Mortgage Licensing System (NMLS) handles the mortgage license application process. NMLS allows mortgage companies and individuals to apply or renew a license online.

Types of Mortgage Licenses in West Virginia

The state of West Virginia has three major state license types: Company, Branch, and Individual. Each license type depends on the work you are going to perform.

In this guide, we’ll cover the most common licenses only. You can review the full list on the NMLS website.

Most Common Company Licenses

  • Mortgage Broker License - allows entities to originate, process, arrange, and negotiate mortgage loans for West Virginia properties. Note that entities that engage in table funding activities are also required to obtain this license.
  • Mortgage Lender License - allows entities to make, purchase, accept, and service West Virginia mortgage loans.

West Virginia State Requirements

All license applications are to be submitted online via NMLS. Please note that some agency-specific documents, such as the surety bond, need to be received by the Division within five days of the submission of your NMLS application. Please mail your documentation to WV Division of Financial Institutions, Mortgage Division, 900 Pennsylvania Ave., Suite 306, Charleston, WV 25302-3542.

For further information regarding the license requirements, you may contact the Division at (304) 558-2294 or send an email to Lisa Miller at [email protected] , Terri Shock at [email protected] , or Tracy Hudson at [email protected].

For NMLS-related questions, please contact their call center at (855) 665-7123.

Education and Exams

Passing an exam is obligatory for some, but not all license types. In West Virginia, you don’t need to complete a pre-license course or pass a test in order to obtain a Mortgage Broker or a Mortgage Lender license.

WV Mortgage Broker Bonds

Bonds for Company Licenses

  • Mortgage Broker License - All Mortgage Broker applicants are required to provide a surety bond between $50,000 - $150,000, depending on the volume of loans originated in the state in one year.
    • $50,000 surety bond for loan volume of up to $3,000,000.
    • $75,000 surety bond for loan volume between $3,000,000 - $10,000,000.
    • $100,000 surety bond for loan volume that exceeds $10,000,000.
    • $150,000 surety bond if the applicant also acts as a table-funded lender.
  • Mortgage Lender License - Mortgage Lender applicants must furnish a surety bond in an amount based on the mortgage loan origination volume for 1 year.
    • $100,000 surety bond for loan volume of up to $3,000,000.
    • $150,000 surety bond for loan volume between $3,000,000 - $10,000,000.
    • $250,000 surety bond for loan volume that exceeds $10,000,000.
    • $200,000 surety bond if the applicants act as a mortgage loan servicer and have loan origination volume of up to $10,000,000.
    • $250,000 surety bond if the applicants act as a mortgage loan servicer and have loan origination volume of over $10,000,000.

Get a FREE Mortgage Broker Bond Quote Today

Get free pricing from the top bond companies in the U.S.

Get Your Free Quote No obligation | 100% Secure

Licensing Fees

Fees for Company Licenses

The fees must be submitted through NMLS and are not refundable.

  • Mortgage Broker License
    • $350 license fee.
    • $100 NMLS processing fee.
    • $ 36.2 5 FBI background check.
  • Mortgage Lender License
    • $1,250 license fee.
    • $100 NMLS processing fee.
    • $36.25 FBI background check.

Get Your Free Licensing Tips

Get free licensing tips sent straight to your inbox.

  • Learn how to get licensed in a few easy steps
  • Understand the licensing requirements for your state
  • Learn how to stay compliant
  • Get a free license bond quote in minutes
Get Your Free Licensing Tips
We'll never share your information with third parties.

Get Your Surety Bonds from the Best Bonding Companies
We work with the top A-rated, T-listed surety bond companies in the nation

Jennifer Henson
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
David Tillotson
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.

The Nation’s #1 Volume Surety Bond Service
Our company writes $4,000,000,000+ in bonds each year!
  • #1 Bond Writer
    We are the nation's largest volume bond producer.
  • Easy Process
    Fastest online surety bond application process; we approve bonds instantly.
  • Lowest Rates
    Our high volume allows us to negotiate lower rates on your behalf.
  • Claim Specialists
    Your JW surety bond agent will be your claims advocate when you need them most.

Don't wait days to get bonded. Get your surety bond instantly!

Get Your Free Bond Quote
About JW Surety Bonds
We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.