A Step-By-Step Guide To Getting A Mortgage Loan Originator License

This post will take you through all the steps required to get a mortgage loan originator license in the USA.

Click here for more details on how to get a mortgage loan originator license.

So, let’s get started.

# Ensure that you are at least 18 years old and a citizen of the USA. A high school pass or equivalent is required.

# Visit the NMLS (National Mortgage Licensing System) portal and create an account. The allotted ID number will be valid throughout your career as an MLO.

# Go through the 22-hour mortgage pre-licensing course. This is mandatory to get a mortgage loan originator license. The course consists of two parts, the 20-hour national section common throughout the USA and the 2-hour state-specific section covering the rules and regulations relevant to a state only.

Make sure that the selected course provider is approved by the NMLS before enrolling. Otherwise, it will not be counted as having fulfilled eligibility norms to appear for the licensing test.

You can choose either an online course or a classroom-based one. Online courses though are more convenient and flexible. You can download the study materials on any Internet-enabled device and study any time and from anywhere.

Check out the online NMLS-approved pre-licensing course from RealEstateU, it is among the best in this niche.

# Submit fingerprints for verification of past criminal records. An adverse report might debar you from getting a mortgage loan originator license.  

# Apply for the SAFE licensing exam on the NMLS portal. Appear for the test and pass it. Once done, apply for an MLO license.

# Find a broker to sponsor you. Inform about your employment status to NMLS.

You will now be issued an active mortgage loan originator license.

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