| Mississippi Mortgage Licensing Requirements |
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Broker Requirements: (1) $750 non-refundable License Fee (2) $25,000 Surety Bond (3) Proof of 2 yrs minimal experience in mortgage business OR take examination (4) Provide a set of fingerprints from any Law Enforcement Agency for full criminal background check (5) 12 hrs continuing education for renewal required.
Loan Officer Requirements: (1) 18 years of age (2) Criminal background check (3) Completion of pre-licensing course (24 hours minimum) - Exceptions: Documentation of a minimum of one (1) year of experience directly in mortgage lending in Mississippi within the two (2) years prior to the date of application. If the applicant has one (1) year of experience, but not in Mississippi, then they are required to complete an approved education course of a minimum of four (4) hours on the Mississippi Mortgage Consumer Protection Law.
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