Frequently Answered Questions for Bankers

Mortgage Bankers

Not Mortgage Brokers but Mortgage Bankers and Employees of a Mortgage Banker

Items	Rating	Hits
As a Mortgage Banker, do you or do you not have to be licensed as a Mortgage Broker?		532
Can the 20 hours required for the license be online classroom? Or is there any kind of requirement whether in class or online?		335
I was told by the TDSML that for persons already licensed the requirement was 30 hours and for others 60 hours. I know your 20-hours is exactly the S.A.F.E. requirement so do you know how the TDSML came up with the higher requirements?		281
If a credit report is required what are they looking for and could you be denied a license on credit alone?		517
Is TX licensing required for all loan originators working for a mortgage broker? or mortgage banker too?		544
Looking for clarification on requirements for registration process for Bank originators (as details become available		547
My main question is regarding the courses I took and passed to renew my brokers license...can I use this towards anything or is it different?		319
What are the background check requirements for obtaining a texas mortgage loan officer license?		511
When should a mortgage lender file the MU1 and MU2? Do loan officers working for a mortgage lender need to be licensed by TSML and be sponsered by the lender?		304