Texas SAFE / Mortgage Broker Licensing

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Become A Texas Mortgage Broker: Texas Mortgage Licensing Requirements

Looking to become a Loan Officer, Mortgage Broker, or Mortgage Underwriter in Texas? Then you've come to the right place!

The Mortgage Training Center offers a variety of Texas mortgage licensing and training courses to help you earn your Texas mortgage license or Texas continuing education credits.

What Does A Texas Mortgage Loan Officer Do?

A visit to a Mortgage Loan Officer is the first step in getting a loan. Essentially, Mortgage Loan Officers starts the mortgage application process by gathering from potential borrowers the information needed to start that borrower's loan review process. This includes things like W2s, 1099s, bank statements, tax returns, etc.

They are responsible for working with the borrower to complete mortgage loan application, submitting the application to underwriting, following up on any additional information needed or requested from the underwriter, then communicating the loan decision to the potential borrower.

What Is The Difference Between A Mortgage Loan Officer And A Mortgage Loan Originator?

In simple terms, a Mortgage Loan Officer or a Mortgage Broker works for a licensed mortgage broker, whereas a Mortgage Loan Originator is typically an employee paid by a bank to originate mortgage loans.

What Does A Texas Mortgage Broker Do?

A mortgage broker acts as a middleman between lenders and purchasers. The broker works to find a mortgage lender with terms and rates that best fit the customer's needs.

How Do Mortgage Brokers Make Money?

Mortgage brokers make money by dealing with lenders who discount the cost of their mortgage product to allow a mortgage broker the ability to charge a fee by submission of a loan package for funding. This relationship between a mortgage broker and a lender is called wholesale lending.

What Does A Mortgage Underwriter Do?

A Mortgage Underwriter verifies your income, assets, and debt, then reviews your credit scores and tax returns to approve or decline mortgage applications. As part of their process, a Mortgage Underwriter reviews bank statements for sources of funds, tax returns to see sources of income, and credit card expenditures to determine risk.

Essentially, a mortgage underwriter reviews an applicant's financial condition to assess how much risk a lender will take on if they decide to approve a loan.

What Does A Mortgage Lender Do?

A mortgage lender is a bank, credit union, or financial institution that offers and underwrites home loans. They have specific guidelines to verify the borrower's creditworthiness and ability to repay a loan, then, if approved, they set the terms, interest rate, repayment schedule, and other aspects of the mortgage.

About The Mortgage Broker Licensing Requirements In Texas

Mortgage Loan Officers need to be licensed by the state in which they do business, which means they must complete the pre-licensing education requirements, pass the state and national SAFE / NMLS exam, then take eight hours of annual continuing education courses to maintain their license. Check below for applicable mortgage licensing options, as well as recommended courses to help you succeed once you get licensed.

To Comply With Common Mortgage Regulations

The federal government regulates the mortgage industry through a series of acts passed by Congress. These include:
  • Regulation Z / TILA
    The federal Truth-In-Lending Act (TILA) requires that lenders disclose the terms of a mortgage in writing. TILA is designed to protect consumers by ensuring clear disclosure of the key terms of the loan, as well as any costs or fees involved.
    UDAAP is an acronym referring to unfair, deceptive, or abusive acts or practices by those who offer financial products or services to consumers. Under the Dodd-Frank Act, it is unlawful for any provider of consumer financial products or services or a service provider to engage in any unfair, deceptive, or abusive act or practice.
To Close The Loan
  • Appraisal Review Workshop
    By taking this course, you will learn the details on what the industry looks for in these reviews to prevent fraudulent appraisal practices, plus gain the details and a complete understanding of the Sales Comparison Approach, Income Approach, and Cost Approach
  • Loan Officer Boot Camp
  • Personal And Business Tax Return Analysis
    Learn to interpret tax returns for both commercial and consumer lending purposes.
  • Loan Officer Boot Camp
    Our "Loan Officer Boot Camp" training program provides excellent training for new and experienced Loan Officers - and even includes sales pitches and advanced calculations!
To Get A Mortgage License In Texas

You earn your Texas mortgage license by:
  • Applying for an NMLS account and ID number
  • Completing your pre-licensing course requirements
  • Passing the SAFE licensing exam
  • Applying for your license with the NMLS
Get started by selecting a mortgage pre-licensing course from the list below.

Recommended Texas Mortgage Broker And NMLS Licensing Courses

Texas Mortgage Brokers can learn at their own pace with our convenient, cost-effective, state and NMLS-approved mortgage loan officer license training courses.

The Mortgage Training Center offers both online and in-person NMLS licensing and NMLS training courses in Texas. Simply choose your preferred option from the recommended courses listed on this page, or you can choose "NMLS" and your resident state from the "Licensing" section of the search box herein. So what are you waiting for? Get started with one of our SAFE / NMLS training courses to become a Texas Mortgage Broker!

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How To Become A Loan Officer In Texas: Texas Mortgage Broker Licensing Requirements

How Do I Earn A Texas Mortgage Broker License?

You start by making sure you meet the state licensing requirements, then you must take the required training and pass the Texas mortgage brokers license exam.

For specifics on earning your Texas Mortgage Broker license, go to:

Texas Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, Texas 78705
Main Telephone Number: 512-475-1350
Fax Number: 512-475-1360

According to NMLS, the Texas Department of Savings and Mortgage Lending supervises the following mortgage licensing or registration:
  • Mortgage Banker Registration
  • Mortgage Company License
  • Financial Services Company Registration
  • Credit Union Subsidiary Organization License
  • Auxiliary Mortgage Loan Activity Company License
  • Independent Contractor Processor/Underwriter Company License
  • Mortgage Banker Branch Registration
  • Mortgage Company Branch License
  • Credit Union Subsidiary Organization Branch License
  • Mortgage Loan Originator License
Good luck earning your Texas Mortgage Broker or Loan Officer license!

Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein. 5755 North Point Parkway, Suite 227 | Alpharetta, GA 30022 | 770-410-1219 |
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