South Carolina Mortgage Licensing
Mortgage Broker and/or Correspondent Lender Licensing
License: South Carolina DCA Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: Yes, must be a SC licensed MLO
Minimum Net Worth: None
Financial Statements: Unaudited
Surety Bond Amount: $25,000
Company License Fee: $850
Mortgage Lender Licensing
License: South Carolina BFI Mortgage Lender/Servicer License
Physical Office Required: No
Qualifying Individual Required: Yes, must be licensed SC MLO
Minimum Net Worth: None
Financial Statements: Unaudited (certified by officer)
Surety Bond Amount: $50,000-$150,000
Company License Fee: $1,100
Regulated by:
Department of Consumer Affairs
2221 Devine Street, 2nd Floor
Columbia, SC 29205
Phone: 803-734-4200
Fax: 803-734-4286
State Board of Financial Institutions
Consumer Finance Division
1205 Pendleton Street, Suite 306
Columbia, SC 29201-3756
Phone: 803-734-2020