Tennessee Mortgage Licensing

Tennessee Mortgage LicensingIML2020-04-22T10:09:14-07:00

Mortgage Banker or Broker

Mortgage Broker, Lender, and Servicer License or Registration

Physical In-State Office Required: No
Qualifying Individual: Yes, 3 years mortgage experience.
Minimum Net Worth: $25,000 CPA Compiled
Surety Bond: $90,000 (Broker Only), or $200,000 (Broker and Lender)

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$700 – Company License Fee
$900 – $90k Surety Bond (Broker only)
$2,000 – $200k Surety Bond (Lender/Broker)
$200 to $500 – CPA prepared Compiled Financial Statement ($25k Net worth)
$600 – Foreign CorpEntity Fee
$125 – Registered Agent Fee

Regulated by:

Department of Financial Institutions

414 Union Street, Suite 1000
Nashville, Tennessee 37219
Telephone: 615-741-2236

State Mortgage Licensing Service

We assist mortgage companies with obtaining Mortgage Broker Licensing, Mortgage Lender Licensing and Banker Licensing, Mortgage Servicer Licensing, NMLS Licensing, and FHA Licensing. We also assist mortgage loan originators and contract mortgage processors with obtaining mortgage loan originator licenses.

Full-Service Mortgage Licensing

We coordinate the process from start to finish, including the Secretary of State, Surety Bonds, NMLS, and License Applications.

Licensing Maintenance

We can assist with maintaining your mortgage licenses, including NMLS Maintenance, License Renewals, and Annual Reports