The following information is required to obtain a Mortgage Broker License in South Carolina:

• Submit a completed and signed application along with the application fee and other required documents to the Department.
  
• It is required that the applicant has a physical office location in South Carolina in order to operate under license in the state.
  
• An applicant must have at least two years' experience working as an originator under the supervision of a mortgage loan broker before his initial license is issued.
  
• The work experience requirement may be waived if the applicant shows proof of the equivalent of six or more semester hours of satisfactorily completed course work in related field.
  
• All licensed mortgage loan brokers must complete at least eight hours of continuing professional education annually. Documentation of attendance at the courses or correspondence courses completed must be maintained by the mortgage loan broker and shall consist of a certificate of completion issued by the teacher or sponsor of the course showing the recommended number of hours of continuing professional education. Courses offered by the National Association of Mortgage Brokers, the South Carolina Mortgage Brokers Association, the department or courses related to real estate law or related law topics, appraisals, mortgage lending, financial management, financial planning, or mortgage processing are considered to qualify for continuing professional education. Information on Continuing Professional Education can be found at Continuing Professional Education.
  
• The applicants are required to submit their most recent financial statements indicating net worth, dated not more than 180 days prior to the date of the application and certified as true and correct by their dated signature or audited.
  
• The applicant must submit a proposed copy of your mortgage broker fee agreement which must comply with the Mortgage Loan Broker Regulation, S.C. Code Regs. 28-400C.
  
• The term of each license is one year. Licenses expire on September thirtieth each year and must be renewed in a timely manner.

For more information visit South Carolina Department of Consumer Affairs - Mortgage Broker Review and Advisory Board.

Online forms, instructions and initial as well as renewal applications can be downloaded at Mortgage Broker Forms and Applications.

Mortgage Broker Act can be obtained at South Carolina Code of Laws Title 40 Chapter 58 Registration Of Mortgage Loan Brokers - www.scstatehouse.net-LPITS