NCCOB
NCCOB

Promoting strength and fairness in
the financial services marketplace


 
  • Licensing Information
    • Exemptions
    • Lenders and Brokers
    • Loan Originators
    • Mortgage Originator Support Registration
    • Renewal Information
    • Reverse Mortgage Lenders
    • Servicers

North Carolina Mortgage Servicer Licensing Requirements

Licensing Overview

A mortgage servicer is the person or business that receives payments from a borrower under the terms of any home loan.

Effective July 31, 2009, the “North Carolina Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act” as codified in NCGS Chapter 53, Article 19B, and also referred to as the NC SAFE Act, requires that any entity engaged in the business of making or brokering residential mortgage loans secured by North Carolina real estate be licensed by the NC Commissioner of Banks, unless an exemption applies, pursuant to NCGS § 53-244.040(d).

Approved licenses may be viewed by visiting Find Licensees.

Filing Requirements

Overview, Forms & Fees

Mortgage servicers shall submit an application through the NMLS website. . An appropriate surety bond (see below) must also be included and a qualifying individual must be designated in the application. 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 servicing experience. The qualifying individual is primarily responsible for the operations of the licensee.

Surety Bonds

A licensee is required to have a surety bond as detailed in N.C.G.S. § 53.244.103(b)(2). The minimum bond amount is $150,000 for a servicer. Please see Forms and Fees for additional information.

Ceasing Business

See Instructions for Ceasing Business in North Carolina.

Who To Contact

Please see our Contact Us page for contact information.