- Mortgage License (Company)
- NMLS Cost: $1,125
- Additional Costs: $15 per credit report, $36.25 per criminal background check
- Surety Bond Requirement: $90,000 (broker); $200,000 (lender or servicer); choose higher amount if company brokers and lends or services
- Mortgage Branch Authorization (Branch)
- NMLS Cost: $20 (Yes, $20)
- Additional Costs: none
- Mortgage Loan Originator (Individual)
- NMLS Cost: $230
- Additional Costs: $15.00 per credit report, $36.25 per criminal background check
- TN also requires independent loan processors or underwriters to have this license