Mississippi

Mortgage Banker

Mortgage Lender License

Physical In-State Office Required: No
Qualifying Individual: Yes, must have 2 years of mortgage experience in last 4 years and must obtain a MS LO License (Verified with letters from past employers).
Minimum Net Worth: $ None
Surety Bond: $150,000
Education/Experience: One person from company must have 2 years of experience in mortgage lending within the last 4 years and must obtain a Loan Originator License

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$500 – Foreign Entity Application
$125 – Registered Agent Fee
$851 – Company License Fee
$1,500 – Surety Bond Fee

Mortgage Broker

Mortgage Broker License

Physical In-State Office Required: No
Qualifying Individual: Yes, must have 2 years of mortgage experience in last 4 years and must obtain a MS LO License (Verified with letters from past employers).
Minimum Net Worth: $ None
Surety Bond: $25,000

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$500 – Foreign Entity Application
$125 – Registered Agent Fee
$851 – Company License Fee
$250 – Surety Bond Fee

Regulated by:

Department of Banking and Consumer Finance

PO Box 12129
Jackson, MS 39236-2129
4780 I-55N | 5th Floor
Jackson, MS 39211
Telephone: 601-321-6901 | 800-844-2499
Fax: 601-321-6933
Compliance | Loan Originators | lisa.oswalt@dbcf.ms.gov
Brokers | Branches | Tricia Knighton | tricia.knighton@dbcf.ms.gov
Loan Originators | mary.spires@dbcf.ms.gov
Mortgage Department | mortgage@dbcf.ms.gov