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

Tennessee Mortgage Broker License Guide

In Tennessee, all mortgage brokers, lenders, and servicers are required to obtain a license at the state level. The mortgage licenses are regulated and supervised by the Tennessee Department of Financial Institutions.

The mortgage license application process is handled by the Nationwide Mortgage Licensing System (NMLS). NMLS allows mortgage entities or loan originators to apply, update or renew a license online.

Types of Mortgage Licenses in Tennessee

There are three main state license types in the state of Tennessee: Company, Branch, and Individual. Each license type depends on the work you are going to perform. The most common license is the Mortgage License. Applicants can apply as one, or a combination, of the following: mortgage broker, mortgage lender, and mortgage servicer.

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 License - The TN Mortgage License is required of mortgage brokers, mortgage lenders, and/or mortgage servicers. Under this license mortgage brokers are allowed to originate, place, solicit, or negotiate mortgage loans for borrowers; mortgage lenders are allowed to make residential mortgage loans, and mortgage servicers are allowed to service and accept payments for mortgage loans.

Tennessee State Requirements

All license applications are to be submitted online via NMLS. Please note that some agency-specific documents, such as the original surety bond, need to be sent directly to the Department at Tennessee Department of Financial Institutions, Compliance Division, Tennessee Tower, 26th Floor, 312 Rosa L. Parks Avenue, Nashville, TN 37243.

For further information regarding the license requirements, you may contact the Compliance Division at (615) 253-6714 or [email protected].

For information and questions related to NMLS, you may contact their call center at (855) 665-7123.

Education and Exams

Passing an exam is obligatory for some, but not all license types. In Tennessee, you are not required to complete a pre-licensure course or pass a test to obtain a Mortgage License.

TN Mortgage Broker Bonds

Bonds for Company Licenses

  • Mortgage License - All broker applicants are required to furnish a $90,000 surety bond. Mortgage lender and servicer applicants must provide a $200,000 surety bond.

    Note: If you wish to apply as a broker and lender and/or servicer, you must submit a surety bond in the amount of $200,000.

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

Fees for Company Licenses

The fees are non-refundable and must be submitted through NMLS.

  • Mortgage License
    • $1,025 license costs.
    • $100 NMLS processing 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.