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| Home » USA » Georgia » Mortgage License |
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Georgia Mortgage License |
Georgia mortgage license is the most important thing that lenders and brokers are required to have in order to conduct their lending business in the state. The real estate business in Georgia has experienced a rapid growth in the last couple of decades. Today, there are over thousands of home loan brokers and lenders who are involved in the real estate industry.
A large number of people are turning toward the mortgage business as it promise a bright future. So, if you are thinking to build your career as a broker or a lender then you are on the right track. To start the lending and selling business, the state law require you to have GA mortgage license which is regulated by the licensing board of Georgia.
Georgia Mortgage Broker License Requirements
It is very important for you to understand the Georgia mortgage licensing process and the requirements before you apply for it. Georgia Mortgage brokers license is governed by the Department of Banking and Finance. You are not required to own a physical office in Georgia to get the lender or broker license. However, if you are not a resident of Georgia then you may be required to have a physical office inside Georgia in accordance to your state requirements.
If you are seeking a broker license then you are required to maintain a surety bond of $50,000 or an Irrevocable Letter of Credit of the same amount. In addition, the state licensing board require you to provide your financial statements and a minimum net worth of $25,000. It is also necessary for you to have a pre-licensing education of 40 hours unless if you don't have 2 years of experience as a broker. Having the experience will allow you to take only 4 hours of online pre-licensing course as per the laws and regulations of Georgia.
Georgia Mortgage Licensing Fees
Georgia mortgage licensing board requires you to pay an amount of $250 as investigation fee and an annual license fee of $500. You can approach the licensing authority by your own or seek the assistance of some licensing companies to get your license. There are many mortgage licensing agencies in Georgia and most of them are available on the Internet.
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They can simplify your licensing process as they will conduct all the legworks for the licensing application. If you are going to seek the services of some licensing companies then make sure that it is a reputed one.
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| American Mortgage Licensing | At American Mortgage Licensing, you will be able to learn all the mortgage broker requirements in the state of Georgia. Visit the website of the company to know all the details on the broker licensing process prevalent in Georgia.
Website:http://www.amlicensing.com/georgia-mortgage-license.asp |
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| AmeriSave | AmeriSave is one of the leading mortgage lenders offering a range of home loan programs to the home buyers in Georgia. The highly qualified team of the company also offer useful information on the licensing process undertaken in the state.
Website:http://www.amerisave.com/aboutus/licensing |
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| Integrity Mortgage Licensing | Integrity Mortgage licensing can offer you the best of services if you are looking for a mortgage lender license in Georgia. It is a reliable mortgage licensing agency offering comprehensive services at affordable rates.
Website:http://www.integritymortgagelicensing.com/ |
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