North Carolina Mortgage Originator Support Registration

Overview

The “North Carolina Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act” as codified in NCGS Chapter 53, Article 19B, requires the NC Commissioner of Banks to register any person engaged in the business of contract mortgage processing and underwriting, unless an exemption applies, pursuant to NCGS § 53-244.040(d) .

A mortgage origination support registrant (MOSR) is an individual or business engaged exclusively in the processing or underwriting of residential mortgage loans and not engaged in the mortgage business.

Approved licenses may be viewed by visiting Find Licensees.

Registration Requirements

Overview, Forms, and Fees

MOSRs shall submit an application through the NMLS website. Please see Forms and Fees for additional information. All fees are posted on the Fee Schedule.

Qualifying Individual

The qualifying individual must have at least three (3) years of residential mortgage lending experience. The qualifying individual is primarily responsible for the operations of the licensee.

The MOSR is also required to employ and sponsor at least one licensed mortgage loan originator or transitional mortgage loan originator who will control and supervise its loan processors and underwriters. The mortgage loan originator will need to meet NC SAFE Act education and testing requirements. See licensing overview for mortgage loan originators.

Ceasing Business

See Instructions for Ceasing Business in North Carolina.

Who To Contact

Please see our Contact Us page for contact information.