Abacus provides all of your North Carolina mortgage loan officer training, tools and industry resources in one platform. Abacus is engineered to make your mortgage education count.

Register for the
Fundamentals Course

You are required to take an 8-hour Fundamentals course approved by the North Carolina Office of the Commissioner of Banks (OCOB). Abacus' accredited fundamentals course is, "The Fundamentals of Residential Mortgage Loan Origination

Attend a class and
study the material


You can register one of two ways:


  1. Call Abacus at 888-341-7767 and one of our knowledgeable staff will be happy to register you over the phone and answer any questions you may have.
  2.  
    Receive your
    Certificate of Completion


    Upon successful completion of the live class, you will receive a Course Certificate to frame and display. You will also receive significant literature on the examination process.


    Make an appointment to take the
    State Licensing Examination

  1. Either go to www.psiexams.com or call them at 800-733-9267 to register.
    You must specify that you are interested in taking the North Carolina Commissioner of Banks Exam. Do not say mortgage or real estate exam as it will cause confusion.

    Occasionally the dates are available on their web site, but generally you will NOT be given any information about the times, dates or availability until you have paid the $100 examination fee.

  2. Register for the date, time and city that is most convenient for you.
    Note: Make sure that you register yourself in the same name that you have on two forms of identification, one of them being your photo ID (Must be exactly the same on both).

  3. You will need to tell them that the school code is 0106.

  4. Make sure that you are on time for your exam. You will lose your examination fee if you no-show or if you do not cancel or reschedule a full 48 hours prior to your scheduled test date.


 

After passing, retain a copy of your Score
Card and get the official fingerprint card

You will be scored immediately after completing the exam. Your results will be printed on a form called a "Score Card." When you pass the examination, it will state so on your score card.

If you do not pass the exam, you will receive a summary of what sections you were weak in, to help you study more. To retake the exam, you have to make a new appointment and pay again. You cannot immediately retake the exam; there is a mandatory 48 hour waiting period. Keep in mind, you can retake the live class and continue to use the online resources at no cost.

Fingerprinting

Generally, your local Sheriff's office provides fingerprinting services for a small fee. They will perform the fingerprinting and sign your fingerprint card. The fee for this is generally between $5.00 - $20.00. Most offices only provide fingerprinting on certain days, at certain times. It is a good idea to call ahead for information. It is best to choose a Sheriff's office that is in a larger metro area. For example, if you live in Whitsett, you would want to go to Greensboro's downtown station at the courthouse rather than the smaller local Sheriff's office.

There is also a release form that you receive with your fingerprint card that must be completed permitting the OCOB do a full background check. See Step 8 for more on this.

Fill out license application form

The fastest way to get through the licensing process is to apply for your license and pay your fees online. You will still be required to mail the hard copies of some of your documents through the mail. Applying online will accelerate your process by at least a week. The link to the online application page is here.


Notarize and submit your
application for licensure

You can skip this step if you are submitting your application online

Approval

The Office of the Commissioner of Banks will review your application, including the documents that accompany it as well as order an official FBI, SBI and credit check. Upon approval, you will be notified by mail and receive your license.