Texas Mortgage Licensing | Texas Department of Savings and Mortgage Lending

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Mortgage Banker | Mortgage Banker Registration

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth:  None
  
• Surety Bond: None
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  
• 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.
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$600 – Company License Fee
$750 – Foreign Entity Application
$125 – Registered Agent Fee 

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Mortgage Broker | Mortgage Company License

• Physical In-State Office Required: Yes, can just be small executive suite with shared receptionist. Not required to be manned.
  
• Qualifying Individual: Yes, does not have to be in-state. Must obtain TX LO License.
  
• Minimum Net Worth: None
  
• Surety Bond: None
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$275 – Company License Fee
$70 – Branch License Fee (TX Branch)
$750 – Foreign Entity Application
$125 – Registered Agent Fee 

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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
Justin Accola - Compliance Questions - (512) 475-0172 
http://www.sml.texas.gov/