Mortgage Broker and/or Lender Licensing

License:  Tennessee Mortgage License

Physical Office Required:  No
Qualifying Individual Required: Yes, 1 year experience in the mortgage industry
Minimum Net Worth:  $25,000
Financial Statements:  CPA compiled
Surety Bond Amount:  $90,000 (Broker), $200,000 (Lender, Servicer)
Company License Fee:  $1,125

Regulated by:

Tennessee Department of Financial Institutions
Compliance Division
Tennessee Tower, 26th Floor
312 Rosa L. Parks Avenue
Nashville, TN 37243
Phone: (615)253-6714
E-mail: askmortgage.licensing@tn.gov