New Jersey Mortgage Broker Requirements

Mortgage brokers in New Jersey are licensed and regulated by the New Jersey Department of Banking and Insurance.

Mortgage brokers seeking a New Jersey mortgage license are required to maintain a physical office within the state of New Jersey. Applicants must maintain a surety bond in the amount of $100,000 and provide audited company financials displaying a net worth of at least $50,000. Both the company and a designated individual are required to be licensed. No pre-requisite education is required, but an individual must pass a state exam.

New Jersey Mortgage Licensing Fees

The state of New Jersey charges a non-refundable application fee in the amount of at least $1,400.

For complete assistance on your New Jersey Mortgage License, call American Mortgage Licensing to start your project today, 866.588.6600.