COVID-19 Update: We are reducing costs for qualified applicants, and offering same day bonding.
Please apply online, or call our team for assistance. Learn more
Contact Our Experts

Mississippi Mortgage Broker License Guide

In the state of Mississippi, all mortgage brokers and mortgage lenders are required to obtain a license in the state. The MS Department of Banking and Consumer Finance (DBCF) regulates and issues all mortgage licenses.

The Nationwide Mortgage Licensing System (NMLS) handles the license application process. NMLS allows companies and individuals to apply for or renew a license online.

Types of Mortgage Licenses in Mississippi

There are three major license types in Mississippi: Company, Branch, and Individual. Each license type depends on the work you will be performing. The two most common mortgage licenses are the Mortgage Broker license and Mortgage Lender license.

In this guide, we’ll cover the most common licenses only. You can review the full list on the NMLS website.

Most Common Company Licenses

  • Mortgage Broker License - allows companies and sole proprietorships, who do not close mortgage loans in the company name, to negotiate, solicit, or place mortgage loans.
  • Mortgage Lender License - allows companies and sole proprietorships to service mortgage loans. Licensees can also purchase, make, or fund residential mortgage loans.

Mississippi State Requirements

All license applications must be submitted online through NMLS. Please note that some agency-specific documents must mailed directly to the Department of Banking and Consumer Finance. You may mail your documentation to Mississippi Department of Banking and Consumer Finance, Mortgage Division, P.O. Box 12129, Jackson, Mississippi 39236-2129.

For assistance or questions regarding the license requirements, you may get in touch with the Department at (601) 321-6901 or via email at [email protected].

For NMLS-related questions, please contact NMLS call center at (855) 665-7123.

Education and Exams

In Mississippi, passing an exam is obligatory for some, but not all license types. To obtain a Mortgage Broker or a Mortgage Lender license you are not required to complete a course or pass an exam.

MS Mortgage Broker Bonds

Bonds for Company Licenses

  • Mortgage Broker License - All Mortgage Broker license applicants are required to submit a $25,000 surety bond.
  • Mortgage Lender License - All Mortgage Lender license applicants must furnish a surety bond in the amount of $150,000.

Get a FREE Mortgage Broker Bond Quote Today

Get free pricing from the top bond companies in the U.S.

Get Your Free Quote No obligation | 100% Secure

Licensing Fees

All fees must be submitted via NMLS. The fees are non-refundable and non-transferable.

Fees for Company Licenses

  • Mortgage Broker License
    • $1601 license fee.
    • $36.26 criminal background check fee.
  • Mortgage Lender License
    • $1601 license fee.
    • $36.26 criminal background check fee.

Get Your Free Licensing Tips

Get free licensing tips sent straight to your inbox.

  • Learn how to get licensed in a few easy steps
  • Understand the licensing requirements for your state
  • Learn how to stay compliant
  • Get a free license bond quote in minutes
Get Your Free Licensing Tips
We'll never share your information with third parties.

Get Your Surety Bonds from the Best Bonding Companies
We work with the top A-rated, T-listed surety bond companies in the nation

Jennifer Henson
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
David Tillotson
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.

The Nation’s #1 Volume Surety Bond Service
Our company writes $4,000,000,000+ in bonds each year!
  • #1 Bond Writer
    We are the nation's largest volume bond producer.
  • Easy Process
    Fastest online surety bond application process; we approve bonds instantly.
  • Lowest Rates
    Our high volume allows us to negotiate lower rates on your behalf.
  • Claim Specialists
    Your JW surety bond agent will be your claims advocate when you need them most.

Don't wait days to get bonded. Get your surety bond instantly!

Get Your Free Bond Quote
About JW Surety Bonds
We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.