Georgia

Georgia is one of the strictest states for compliance in regards to paying LOs and Processors w-2 pay, and in regards to net branching. Georgia will require you to obtain a physical presence in their state if your home state requires a physical presence to obtain a mortgage license unless you are applying for the lender license. The license application is very long and tedious, and it will take a while for the state to review your mortgage license application, but as long as all of your paperwork is completed correctly, you should have no problem getting approved. Georgia Mortgage Broker Licenses or Mortgage Lender Licenses are worth the wait.

Mortgage Banker

Mortgage Lender License/Registration

Physical In-State Office Required: No
Qualifying Individual: Yes
Minimum Net Worth: None
Surety Bond: $250,000

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$1,250 – Company License Fee
$2,500 – GA $250k Surety Bond

Mortgage Broker

Mortgage Broker/Processor License

Physical In-State Office Required: Yes, if your home state requires a physical office
Qualifying Individual: Yes
Minimum Net Worth: $ None
Surety Bond: $150,000

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$750 – Company License Fee
$350 – Branch License Fee (if physical office required)
$1,500 – GA $150k Surety Bond

Regulated by:

Department of Banking and Finance

2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: 770-986-1633
Fax: 770-986-1654
Email: dbfmort@dbf.state.ga.us
Branch Applications | Brenda Harrold | 770-986-5035
Latosha Rose | LRose@dbf.state.ga.us