The Georgia State Code defines a Mortgage Loan Originator as an individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
In order to obtain a license as a Georgia Mortgage Loan Originator, the applicant must be sponsored by a Mortgage Broker or Mortgage Lending Company. This sponsorship includes coverage under their Georgia Mortgage Broker Surety Bond or their Georgia Mortgage Lender Surety Bond.
Check with your sponsor to make sure you are covered under their surety bond.
More information about these licensing requirements can be found on the Georgia Dept. of Banking and Finance website, or via the Nationwide Multi-state Licensing System.
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