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New Articles:
- July 2008 Mortgage Licensing Update
- June 2008 Mortgage Licensing Update
- May 2008 Mortgage Licensing Update
- April 2008 Mortgage Licensing Update
- March 2008 Mortgage Licensing Update
Contact Us
For assistance with mortgage licensing contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
ssheasby@integritymortgagelicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
Georgia Mortgage Licensing
Mortgage Banker
Mortgage Lender License/Registration
Physical Office Required: Yes, if your home state requires a physical office
In-State Officer/ Key Person: No
Minimum Net Worth: $100,000 to $250,000
Surety Bond: $150,000
State Initial Fee: $1,250
Loan Officer Licensing: No
Branch Licensing: Yes, if branch located in Georgia.
Comments: Georgia was allowing a reduced surety bond for lenders with a HUD approval, but as of July 1st, 2007 this is now being eliminated.
Mortgage Broker
Mortgage Broker License/Registration
Physical Office Required: Yes, if your home state requires a physical office
In-State Officer/ Key Person: Yes
Minimum Net Worth: $ None
Surety Bond: $50,000
State Initial Fee: $750
Loan Officer Licensing: No
Branch Licensing: Yes, if branch located in Georgia.
Comments: For the mortgage broker license, you will need to verify two years of experience in mortgage brokering and you will need to complete a 4-hour course if located outside of Georgia. If you can’t prove this with a w-2 you may be required to complete 40 hours of education.
Mortgage Processor
Mortgage Processor License
Physical Office Required: Yes, if your home state requires a physical office
In-State Officer/ Key Person: Yes
Minimum Net Worth: $ None
Surety Bond: $50,000
State Initial Fee: $750
Loan Officer Licensing: No
Branch Licensing: Yes, if branch located in Georgia.
Regulated by:
Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: (770) 986-1633
Fax: (770) 986-1654
http://www.ganet.org/dbf/dbf.html