The West Virginia mortgage licensing and regulation Division of Banking in Charleston oversees all aspects of the Mortgage Broker business for those wanting a Mortgage Broker career in West Virginia.

All West Virginia mortgage licenses are handled through the National Mortgage Licensing System. Prelicensing requirements include approved courses that are 20 or more hours and contain 3 hours of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus 12 or more hours of electives. This may be in addition to West Virginia-required content.    A minimum of eight hours per year of continuing education is required nationally per year, per the SAFE act.

The licensing fee for NMLS for Loan Originators is $119. The licensing fee for a mortgage broker is $450. Click on the links in the preceding sentences for more details about each license.

Applicants for a Mortgage Broker License in West Virginia are required to furnish financial statements that demonstrate the statutory minimum net worth of $10,000. This minimum level must also be maintained while licensed. In addition, those desiring to become a Mortgage Broker must provide a Surety Bond in the amount of $50,000. If the applicant will be engaged in any Table Funding activity, the Surety Bond is $100,000.

A current 10-year listing of all employment and work experience must be attached to the application, along with all residence addresses for the prior 10 years.

Although Mortgage Brokers doing business in West Virginia do have an affiliate association with the National Association of Mortgage Brokers (NAMB), the West Virginia affiliates do not maintain a separate web site. Those wanting to become a Mortgage Broker in West Virginia will benefit by contacting the NAMB.

West Virginia Mortgage Forms

West Virginia Reciprocity States

  • Most mortgage forms can be obtained online. Ones listed below pertain to new salespersons and brokers.
  • Prelicensing Education

(as of 2/23/2010)

West Virginia Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges


Private Schools

WV Housing and Development with MGIC (Charleston)
School of Mortgage Lending (Online)
Quickstart/Lending Training (Online)

Last Update:  2/22/2010
This list may not include all approved schools. Please visit the mortgage licensing and regulation website for the latest list of approved schools.