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Texas Department of Savings and Mortgage Lending

About Us

Who We Are

The Department of Savings and Mortgage Lending is an agency of the State of Texas and is subject to the oversight and under the jurisdiction of the Finance Commission of Texas.

What We Do

The Department has two key areas of regulatory responsibility: the chartering, regulation and supervision of the state’s thrift industry; and the licensing/registration and regulation of the state’s mortgage industry. These two areas of responsibility cover the vast majority of residential mortgage lending in Texas.

As of December 31, 2018 we:

  • Regulate State Chartered Savings Banks with combined assets of over $24.4 billion.
  • Regulate over 26,000 Residential Mortgage Loan Originators throughout Texas.
  • Regulate over 2,000 Mortgage Related Entities.
  • Investigate and resolve consumer complaints, related to mortgage origination.

Agency Philosophy

The Department of Savings and Mortgage Lending is fundamentally committed to the comprehensive regulation of the state's savings institutions, residential mortgage loan originators, mortgage companies, and mortgage bankers to protect the financial interests of depositors, creditors and borrowers. The Department will act in accordance with the highest standards of ethics and integrity, and will at all times remain accessible and responsive to the public, the industry, other government agencies, and public officials. The Department will strive to recruit and retain qualified professional staff who share its philosophy and are highly motivated to carry out its mission.

The Department strives to realize this philosophy in achieving its mission by applying the following attitudes and characteristics in the performance of its duties and responsibilities, and in all of its dealings:

  • Fairness
  • Ethical Conduct
  • Professionalism
  • Responsiveness
  • Quality
  • Equal Opportunity
  • Flexibility
  • Openness

The Department will aggressively enforce the state's statutes, rules and regulations to promote public confidence, protect consumers, and provide a healthy mortgage lending environment to meet the credit needs of Texans and maintain a safe and sound thrift system.

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