The South Carolina Department of Consumer Affairs, handles all aspects of regulating and supervising Mortgage Brokers and originators who work within the state.

All South Carolina 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 South Carolina-required content.    A minimum of eight hours per year of continuing education is required nationally per year, per the SAFE act.

The licensing fee for NMLS for Loan Originators is $219. The licensing fee for a mortgage broker is $1000. Click on the links in the preceding sentences for more details about each license.

Even though licensed in another state, Mortgage Brokers must still be licensed in South Carolina if doing even one transaction. Co-brokering is not allowed.  One must be a licensed Mortgage Broker in order to negotiate loans in South Carolina.

Applicants who desire to become a Mortgage Broker in South Carolina provide a continuous Surety Bond of $25,000. Other requirements include validation of financial responsibility, general character and fitness, and educational background.

Mortgage Brokers must maintain an official place of business within the state. The office needs to be open during regular business hours and staffed by one or more employees.

The South Carolina Mortgage Brokers Association (SCMBA), is an affiliate of the National Association of Mortgage Brokers (NAMB) . These organizations provide excellent resources for those who desire to obtain a Mortgage Broker License in South Carolina.

South Carolina Mortgage Forms

South Carolina Reciprocity States


(as of 2/23/2010)

South Carolina Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges

Private Schools

Abacus Mortgage Training
Training Pro

Last Update:  2/22/2010
This list may not include all approved schools. Please visit the Department of Consumer Affairs website for the latest list of approved schools.