Tennessee  Mortgage Licensing
 
Mortgage Banker or Broker
Mortgage Broker, Lender, and Servicer License or Registration
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $25,000
Surety Bond: $0, $90,000, or $200,000
State Initial Fee: $200 for registrant or $600 for licensee
State Renewal Fee: N/A
Branch Licensing: In-State Offices Only
Loan Officer Licensing: Yes
Experience/Education: No requirements for Managing Principal
Comments: $90,000 surety bond for brokers and $200,000 surety bond for lenders or servicers. No surety bond requirement for companies that are approved with HUD, VA, Fannie Mae, or Freddi Mac since they only need to register and not license.
 
Department of Financial Institutions
511 Union Street, Suite 400
Nashville, Tennessee 37219
Telephone: (615) 741-2236
http://www.state.tn.us/financialinst/
 
CALL (714) 656-3960 or eMail Us Today! ssheasby@integritymortgagelicensing.com