Mississippi Mortgage Branch License

Who is required to have this license? A licensed Mortgage Broker or Mortgage Lender with the Department must license any branch office inside or outside the state of Mississippi that has direct contact with consumers regarding origination or brokering of Mississippi residential property. Who does not need this license? A branch office that only conducts wholesale lending or servicing activities and has no direct contact with consumers regarding the origination, brokering or modification of a mortgage loan on Mississippi residential property. Pre-requisites for license applications? • An Electronic Surety Bond is required. Paper bonds and paper bond notices are no longer accepted. • If the branch location is inside the state of Mississippi, then proof of zoning from the city / county must be uploaded in NMLS showing that a commercial business may be located at this site. This document must be on official letterhead in letter form. Any other document form will be considered insufficient. • Branch must have a licensed loan originator working from the branch location. The branch application will not be processed unless a loan originator MU4 application is also submitted showing that the person is also working from the same location as the branch. • The branch must upload supporting documentation and or contract agreements for any "yes" responses under the Operation Information Question section. *All applicaiton fees are non-refundable.