Georgia Mortgage Licensing | Georgia Department of Banking and Finance
Mortgage Banker | Mortgage Lender License/Registration
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee: $225 – Foreign Entity App $125 – Registered Agent Fee $1,250 - Company License Fee $1,500 – GA $150k Surety Bond |
Mortgage Broker | Mortgage Broker/Processor License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$750 - Company License Fee
$350 – Branch License Fee (if physical office required)
$500 – GA $50k Surety Bond
- Physical In-State Office Required: Yes, if your home state requires a physical office
- Qualifying Individual: Yes, 2 years full-time experience within the last 3 years (verified by w-2s) or a 40 hour education course (20 of the hours can be the SAFE Pre-License Education required for LO Licensing). http://mortgage.nationwidelicensingsystem.org/slr/StateForms/GA4-BrokerProcessorEdExp.pdf
- Minimum Net Worth: $ None
- Surety Bond: $50,000
- Loan Originator Licensing: Yes
- Branch Licensing: Yes, if branch located in Georgia.
- Comments: Requires company and owner tax returns, company financials, and fingerprint cards for owners/officers/branch managers. Timeframe for approval is about 2 months.
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$750 - Company License Fee
$350 – Branch License Fee (if physical office required)
$500 – GA $50k Surety Bond
Regulated by:
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: (770) 986-1633
Fax: (770) 986-1654
Email: [email protected]
Branch Applications - Brenda Harrold - (770) 986-5035
Latosha Rose - [email protected]
http://dbf.georgia.gov
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: (770) 986-1633
Fax: (770) 986-1654
Email: [email protected]
Branch Applications - Brenda Harrold - (770) 986-5035
Latosha Rose - [email protected]
http://dbf.georgia.gov