Tennessee Mortgage Broker Requirements

Mortgage brokers in Tennessee are licensed and regulated by the Tennessee Department of Financial Institutions.

Applicants seeking a Tennessee mortgage broker license are not required to maintain a physical office within the state of Tennessee. Applicants are required to maintain a surety bond in the amount of $90,000. They also must provide compiled, reviewed or audited financials within the past 12 months that reflect a minimum, tangible net worth of $25,000. All loan officers must be licensed.

Tennessee Mortgage Licensing Fees

The state of Tennessee charges $600 for the annual license and investigation fees.

For complete assistance on your Tennessee Mortgage License, call American Mortgage Licensing to start your project today, 866.588.6600.