Mortgage Company

Tennessee Code Annotated § 45-13-201(a) provides that, no person shall act as a mortgage lender, mortgage loan broker or mortgage loan servicer in this state without first obtaining a license under the Tennessee Residential Lending, Brokerage and Servicing Act.

Tennessee Code Annotated § 45-13-105(14): “Mortgage lender” means any person who makes a residential mortgage loan or holds the person out as able to make a residential mortgage loan.

Tennessee Code Annotated § 45-13-105(15): “Mortgage loan broker” means any person who for compensation or other gain, paid directly or indirectly, or in expectation of compensation or other gain, solicits, places, negotiates or originates a residential mortgage loan for another person or offers to solicit, place, negotiate or originate a residential mortgage loan for another person or who closes a residential mortgage loan that may be in the mortgage loan broker's own name with funds provided by another person and which loan is thereafter assigned to the person providing the funding of the loan, regardless of whether the acts are done directly or indirectly, through contact by telephone, by electronic means, by mail or in person with the borrower or borrowers or potential borrower or borrowers.

Tennessee Code Annotated § 45-13-105(17): “Mortgage loan servicer” means any person who, in the regular course of business, assumes responsibility for servicing and accepting payments for a residential mortgage loan.

APPLICATION and REQUIREMENTS:

• All mortgage license applications, amendments, and renewal filings must be made through the Nationwide Mortgage Licensing System & Registry (NMLS).  Click HERE to access NMLS. 
• Click HERE to access the TN Mortgage License Requirements Checklist in NMLS