Mortgage licensing / New Jersey
New Jersey Residential Mortgage Broker License
branch licence · NMLS NJRESBROKER_B · DOBI
Who is required to have this license?
This license is required for any location of a Residential Mortgage Broker, other than its principal licensed office, where in the regular course of business, applications for residential New Jersey mortgage loans are distributed to or received from consumers, loan records are maintained, underwriting decisions are made, commitments or lock-in agreements are issued, or any fees or charges relating to such loans are received from consumers. Residential mortgage loans include both first and second mortgage loans on New Jersey property.
Requirements (7)
Step 1
Submission of Branch Form (MU3): Complete and submit the Branch Form (MU3) in NMLS. This form serves as the application for the license through NMLS.Submitted via: NMLS
Step 2
Other Trade Names: If this branch is operating under a name that is different from the applicant’s legal name, that name (“Trade Name”, “Assumed Name” or “DBA”) must be listed under the Other Trade Names section of both the Branch Form (MU3) and the Company Form (MU1). The New Jersey Department of Banking and Insurance does not allow more than three (3) other trade names. Note: When adding an Other Trade Name to a Branch Form (MU3), it must also be added to the Company Form (MU1).Submitted via: NMLS
Step 3
Branch Manager: A Branch Manager must be designated for each licensed location. A Branch Manager is defined as an individual whose principal office is physically located in, who is in charge of, and who is responsible for the business operations of a branch office. Branch Manager should hold an active NJ MLO license or an active federal MLO registration. If the Branch Manager is not a licensed New Jersey MLO or a federally registered MLO, an affidavit must be submitted affirming that the Branch Manager will not conduct activity that requires a New Jersey MLO license.Submitted via: NMLS
Step 4
Branch Manager (MU2) Attestation: Complete the Individual Form (MU2) in NMLS. This form must be attested to by the applicable branch manager before it is able to be submitted along with the Branch Form (MU3).Submitted via: NMLS
Step 5
Credit Report: Branch Managers are NOT required to authorize a credit report through NMLS.Step 6
MU2 Individual FBI Criminal Background Check Not Required Through NMLS: Branch Managers are NOT required to authorize a FBI criminal background check (CBC) through NMLS.Step 7
Certification Of Office Suitability: Provide a certification, as prescribed by the commissioner, of office suitability outside of the NMLS. There is a certification of office suitability for offices located in New Jersey and a second certification form for offices to be located outside of New Jersey. Upload a certification of office suitability. The forms may be found at: Offices Located In New Jersey or Offices Located Outside of New Jersey. This document should be named NJ Certificate of Office Suitability.Submitted via: Upload in NMLS: under the Document Type Additional Requirements in the Document Uploads section of the Company Form (MU1).
General information
Who does not need this license?
• Depository institutions
• A licensed attorney who negotiates a residential mortgage loan on behalf of a client as an ancillary matter to attorney representation, unless compensated by a residential mortgage lender or residential mortgage broker
• A person licensed as a NJ real estate broker or salesperson and not engaged in the business of a residential mortgage lender or residential mortgage broker
• Any employer, who is not a residential mortgage lender, who provides residential mortgage loans to his employees as a benefit of employment and which are not in excess of the usury rate in New Jersey at the time the loan is made and on which the borrower has not agreed to pay, directly or indirectly, any charge, cost, expense or any fee whatsoever, other than interest
• Any individual who offers or negotiates terms of a residential mortgage loan: (1) with or behalf of an immediate family member; or (2) secured by a dwelling that served as the individual’s residence
Other New Jersey mortgage licenses
- Correspondent Residential Mortgage Lender License
- Correspondent Residential Mortgage Lender License
- Federal Contract Student Loan Servicer License
- Federal Contract Student Loan Servicer License
- Mortgage Loan Originator License
- Mortgage Servicer License
- All 15 New Jersey licenses
Sourced from the NMLS/CSBS state licensing record, last updated October 6, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.