How To Get A Mortgage Loan Originator License

 Becoming a mortgage loan originator is a very lucrative profession and earning six figures annually is more of a rule than an exception. However, before you can start your career, you must get a mortgage loan originator license.

Click here to learn more about getting a mortgage loan originator license.

This post is a step-by-step guide to getting an MLO license in the USA.

# Ensure that you are at least 18 years old and a citizen of the USA. Visit the NMLS (Nationwide Mortgage Licensing System) portal and create an account. The ID number allotted will be valid throughout your career as an MLO.

# Complete the pre-licensing coursework consisting of 20 hours of the National section and 2 hours of the state section. This is mandatory to apply for a mortgage loan originator license as laid down by NMLS, the controlling body for the mortgage industry in the USA.

Before selecting a course provider, decide between an online course and a classroom-based one. Online courses are more convenient as you can study on the go after downloading the study materials to any Internet-enabled device. Further, you are not tied down to fixed classroom timings and can study without upsetting your daily routine.

Check out the online NMLS-approved mortgage loan originator license courses from RealEstateU. Not only are the courses the best in this niche but the most affordable too.

# After going through the pre-licensing course, submit your fingerprint for verification of your past criminal record. Schedule a SAFE licensing test with NMLS. On the given date, appear for the exam and pass it.

# Find a broker to sponsor you.

# Apply for a mortgage loan originator license on the NMLS portal.

An active MLO license will now be issued.     


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