1

                                                                    EXHIBIT 21.1

                    RESOURCE BANCSHARES MORTGAGE GROUP, INC.
                         SUBSIDIARIES OF THE REGISTRANT







1.       Intercounty Mortgage Inc., a wholly-owned subsidiary of the Company,
         was formed by the Company in January 1995 and is incorporated in the
         state of Delaware.

2.       Meritage Mortgage Corporation, a wholly-owned subsidiary of the
         Company, was acquired by the Company in April 1997 and is incorporated
         in the state of Oregon.

3.       Resource Bancshares Corporation, a wholly-owned subsidiary of the
         Company, was acquired by the Company in December 1997 and is
         incorporated in the state of South Carolina.

4.       Laureate Realty Services, Inc., a wholly-owned subsidiary of Resource
         Bancshares Corporation, was acquired by the Company in December 1997 
         and is incorporated in the state of South Carolina.