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New Jersey Mortgage Broker License


 

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, 469.688.8441.