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Become A Mortgage Broker In Tennessee

Article Summary: This article will help anyone looking for information pertaining to a mortgage license in the state of Tennessee or anyone looking to become a mortgage broker in Tennessee.

The Tennessee Department of Financial Institutions, www.state.tn.us/financialinst, regulates all aspects of the Mortgage Broker and real estate industry.

Applicants who wish to obtain a Mortgage Broker License in Tennessee pay a non-refundable registration fee of $100 and a non-refundable investigation fee of $100. They also provide either a Surety Bond or Irrevocable Letter of Credit with a 3-year term, audited financial statements reflecting a minimum net worth of $25,000, a ten-year history of their business and employments activities, and a personal disclosure of any negative financial facts or criminal activity. The Department performs an independent investigation of all facts.

The Tennessee Association of Mortgage Brokers (TNAMB), www.tnamb.org, is an affiliate of the National Association of Mortgage Brokers (NAMB), www.namb.org. Both organizations aim at advancing both the knowledge and understanding of the real estate industry for those who desire to become a Mortgage Broker in Tennessee and for those already licensed.

We also offer information and resources for Tennessee Commercial Mortgage.

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