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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.
Texas Mortgage Licensing
Mortgage Banker
Mortgage Banker Registration
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $250,000
Surety Bond: None
State Initial Fee: $400
State Renewal Fee: $400
Branch Licensing: In-State Branches must register online
Loan Officer Licensing: No
Experience/Education: None
Comments: Mortgage Banker Registrants must have direct endorsement underwriting authority for FHA loans as a HUD approved mortgagee or be an approved seller/servicer with Fannie Mae in order to be approved.
Mortgage Broker
Mortgage Broker License
Physical Office Required: Yes
In-State Officer/ Key Person: Yes
Minimum Net Worth: $25,000
Surety Bond: $50,000
State Initial Fee: $375 for mortgage broker and $175 for entity mortgage broker
State Renewal Fee: $375 for mortgage broker and $175 for entity mortgage broker
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education: 3 years and education or 1.5 years and a college degree
Regulated by:
Texas Department of Savings and Mortgage Lending
Attention: Division of Licensing
2601 North Lamar, Suite 201
Austin, Texas 78705
Telephone: (512) 475-1350 (#2)
Fax: 512-475-1360
http://www.sml.state.tx.us/