Recent News

Mortgage Origination, Mortgage Servicing

Announcement: Mortgage Licensing Phone Bank Closed May 14th and 15th

Last Updated on May 9, 2025 For training, the Mortgage Licensing Section will close its phone bank on Wednesday, May 14th, and Thursday,... Read More Announcement: Mortgage Licensing Phone Bank Closed May 14th and 15th

Agency Information

Precomment Draft and Stakeholder Webinar Notice: Department Administration Rule Review

Last Updated on April 22, 2025 SML is considering changes to its rules in 7 Texas Administrative Code Chapter 51, concerning Department... Read More Precomment Draft and Stakeholder Webinar Notice: Department Administration Rule Review

Mortgage Origination

Announcement: New Required Loan Processing and Underwriting Log

Effective January 1, 2025, residential mortgage loan companies, especially independent contractor loan processor or underwriter companies,... Read More Announcement: New Required Loan Processing and Underwriting Log

Mortgage Origination

Announcement: Settlement Agreement and Consent Order Against Bayview Asset Management, LLC

AUSTIN, Texas— The Department of Savings and Mortgage Lending (SML), an agency of the State of Texas, and 52 state financial regulatory... Read More Announcement: Settlement Agreement and Consent Order Against Bayview Asset Management, LLC

Department of Savings and Mortgage Lending

What We Do

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. 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.

State Agency Established in Texas
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Combined Assets Regulated in State Chartered Savings Banks
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Residential Mortgage Loan Originators Regulated in Texas
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Mortgage Related Entities Regulated throughout Texas
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