Georgia Mortgage Broker License Requirements
Mortgage broker applicants are required by Georgia law demonstrate successful completion of 40 hours of approved education or demonstrate a minimum of two years, full-time, prior experience in the mortgage industry directly originating mortgage loans.

To work as a mortgage broker in Georgia, you need to demonstrate one of the following:

1. Complete a state-approved 40 hour course. A minimum of 4 hours of education must be in a course covering the Georgia Residential Mortgage Act and Rules and Regulations of the Department. In addition, at least one of the remaining 36 hours must be focused on fraud detection and prevention in the industry. Education requirements must have been completed within the one (1) calendar year period to the date of application approval. Applicants will attach a copy of the certificate of completion to the application to demonstrate completion
2. Demonstrate a minimum of 2 years full-time experience in the mortgage industry completing all broker loan origination function. Experience as a processor will not meet the experience requirements. Applicants must submit copies of IRS W-2 forms for the tax years covering the experience requirement. The experience must have been completed within three calendar years prior to the date of approval of the license.
   

• Brokers/Processor Applicants- $250 investigation fee, $500 Annual License Fee.
• Lender Applicants- $250 investigation fee, $1000 Annual License Fee.
• Form MUI- License Application- Completed questionnaire and form signed by authorized official.
• Form MU2- Biographical Information- Completed for each control person and branch manager as noted in the application. Photos of all persons completing a MU2 Form must also be included.
• Form MU3- Branch Application- Completed for each branch to be operated as noted in application.
• Copy of Articles of Incorporation or Organization or Partnership Agreement (applicable form or NA)
• One complete set of fingerprints cards (two cards per set, signed) is required for all individuals in the application, including branch managers. The processing fee is $30.00 per set per individual. Include a separate money order or certified check (apart from check for application/investigation fee) for fingerprint cards, made payable to the Department.
• Background check authorization form (signed) for all individuals noted in application. This authorization remains in effect as long as the individuals are employed in the mortgage industry.
• Signature and Oath of Applicants Form (Business or Individual as applicable).
• Personal credit report on all required individuals.
• Surety Bond in the amount of $50,000 or $50,000 Irrevocable Letter of Credit for Brokers/Processors. Surety Bond in the amount of $150,000 or $150,000 Irrevocable Letter of Credit for Lenders.
• Brokers/Processor only applicants must provider copies of W2's covering recent two years experience in the mortgage industry or proof of education, original completed IRS 4506T-Verification, and letters of reference from employer must also be included.
• Lender only applicants must submit a copy of most recent financial statement or audit, or if newly organized, a copy of the pro-forma balance sheet and original completed IRS 4506T-Verification.
• Policies and Procedures for grievances and inquiries. A sample policy is included in the License Application Package. This sample is for reference only.

Georgia Mortgage Lending License Exam Information

Georgia law does not require mortgage brokers to pass an examination to become licensed as a mortgage broker.