The Mortgage Lending Division of the Mississippi Department of Banking and Consumer Finance (DBCF), oversees the regulation of all mortgage activity in the state, including the S.A.F.E Mortgage licensing act of 2009. 

All Mississippi mortgage licenses are handled through the National Mortgage Licensing System. Prelicensing requirements include approved Courses that are 20 or more hours and contain 3 hours of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus 12 or more hours of electives. This may be in addition to Mississippi-required content.  A minimum of eight hours per year of continuing education is required per year, per the SAFE act.

The licensing fee for NMLS for Loan Originators is $170. The licensing fee for a broker is $851. Click on the links in the preceding sentences for more details about each license.

Applicants who wish to become a mortgage broker need to provide a $25,000 Surety Bond in favor of the State of Mississippi. They need to provide either proof of having at least two years experience in the mortgage lending business or take an examination. When renewing a license, twelve hours of approved continuing education classes are required.