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Are mortgage brokers required to have a license in the state of Texas?

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Icon Mini Profile ross





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Post Posted: Wed Jul 14, 2010 8:37 am    Post subject: Are mortgage brokers required to have a license in the state
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I am being offered a line of financing from out of state for home mortgages. I need to know what I would need to enter into such an agreement.
Icon Mini Profile lisa20morrighu
lisa.20.morrighu




Joined: 14 Jul 2010

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Post Posted: Wed Jul 14, 2010 11:20 am    Post subject:
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That depends on the loan. Mortgage Brokers who are located in Texas have to have be licensed by the State. I think the better question is if you would have *also* be licensed in the originating state as well.

Check out the State of Texas web site - http://www.sml.state.tx.us/
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