Call Today: 866-349-6820

Texas Mortgage Regulations

State Mortgage Regulations

texas Residential Mortgage Licensing

  • Residential mortgage brokers are required to be licensed under the Residential Mortgage Loan Company Licensing and Registration Act, codified in Texas Finance Code Chapter 156
  • Residential mortgage lenders are required to be licensed under Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, found in Texas Finance Code Chapter 157
  • Applications must be submitted via the National Multistate Licensing System (NMLS)
  • Difficult to navigate without the help of licensing experts like Cornerstone
  • Non-compliance with licensing requirements may result in hefty fines

 

tx Residential Mortgage Requirements

LICENSE

bond

background check

registered agent

Cornerstone is an organization who genuinely cares about the work that they're doing. You see a big difference compared to our last vendor. The anxiety that I used to have when dealing with our previous vendor is gone because of the professionalism and responsiveness. Working with our previous licensing vendor was a nightmare. This is the first time in five years I've been able to sleep at night because of the stress. Cornerstone has been a breath of fresh air.
Kimberly S.
Cornerstone is always on the ball with watching all of our licensing and things like that need to be done, nothing falls through the cracks. The proactiveness, responsiveness, friendliness, and ability to adapt is great.
Lindsey C.
EXCELLENT CUSTOMER SERVICE AND PROVIDE GREAT SUPPORT IN MEETING THE RENEWALS DEADLINES.
Susan J.

The fastest path to a mortgage License in Texas is

Cornerstone Licensing

  • Specialists to guide you through the complexities of licensing
  • Plans customized to provide the coverage you specifically need
  • Experts in helping you reduce liability and avoid costly fines
Connect With Us

Key Details

Texas Residential Mortgage Licensing Requirements

Licensing

Your Subtitle Goes Here
3

Regulatory Authority

The Texas Department of Savings and Mortgage Lending (SML) mandates all mortgage brokers and lenders to be licensed.

 

Application Process

If you’d like more information about the application process, contact Cornerstone or visit the state regulating site.

 

Maintaining Licensing

License holders need to maintain ongoing compliance with the SML, which involves periodic reporting, record keeping, and adhering to stringent operational rules. Annual renewal is required by 12/31.

 

Penalties for Non-Compliance

Failure to comply with SML can result in severe penalties, including hefty fines, legal consequences, and potential revocation of the license.

Expert Assistance

With so many possible pitfalls and ways to not have a mortgage license approved, many businesses utilize licensing experts like Cornerstone to navigate the process successfully.

Bonds

Your Subtitle Goes Here
3

Bond Requirement

There is no bond requirement for mortgage brokers or lenders in Texas.

Background Check

Your Subtitle Goes Here
3

Requirements

All applicants for Residential Mortgage licensing must undergo a thorough background check. There will be a criminal history assessement, a financial examination, fingerprinting, and other additional items required.

Need A Different State?
Choose New State

Lighten your load

Never Worry About Licensing Again

Connect With A Licensing Expert

Receive Tailored Licensing Plan

Be Free From The Burden Of Licensing

Connect With Us

State Map

State-by-state Mortgage Licensing Regulations

The majority of U.S. states require a mortgage license to operate. However, these requirements are far from uniform. Our map of state requirements for mortgage brokers and servicers is a comprehensive resource of states that currently require a license highlighting the patchwork of regulations across the country.

Click a state for more information.

State Name

Click A State For More Info

Webinar

Mortgage Licensing: Common Pitfalls and How to Avoid Them

Navigating mortgage licensing requirements can be complex, and even small missteps can lead to costly delays or compliance risks. In this webinar, we cover the most common licensing pitfalls, from missing renewal deadlines to mismanaging multi-state requirements, and provide practical strategies to avoid them. Our experts share insights on staying ahead of regulatory changes, leveraging technology for compliance, and building a strong internal licensing process.

Get The Insights
Kyle VonAllmen

Kyle VonAllmen

General Counsel at Starmark Financial

Suzanne Weaver

Suzanne Weaver

Account Executive at Cornerstone Licensing

This information is not intended to be, nor is it, legal advice. It is intended for education and information purposes only. This is not meant to be an exhaustive list of requirements.  We make no warranty, express or implied, as to the accuracy or reliability of this information. We are not attorneys. You must retain your own attorney to receive legal advice. While Cornerstone strives to provide the most current and accurate state licensing information, the responsibility for any decision related to state licensing or agency compliance is solely yours.