Mortgage officer license

You are helping people achieve their dreams. It can be quite satisfying helping potential borrowers find their dream home within their budget. You are essentially leading them to their dream of homeownership by guiding them through the process and educating them on what it is they are purchasing and what they can afford. It offers a flexible schedule. Looking for a job that is as flexible as you are in life?

Loan officers might have odd schedules because they may need to work on the weekends and keep strange hours, but they have a very flexible schedule that allows them to find that perfect balance between their work and home lives. They are able to work the hours needed to accommodate their clients while also being able to adhere to their own schedules.

It offers stability. One of the biggest advantages of becoming a licensed loan officer is the stability that this kind of career can provide. Many are offered job perks, including health insurance, retirement plans, and even mortgage leads among other perks and benefits. On average it takes a couple months to become a licensed loan officer, you will need will need to take mandatory education classes, pass examinations and have credit scores and background checks ran.

Depending on the state in which you apply, you can have bad credit and still be able to become a loan officer. It is also worth mentioning that the SAFE Mortgage Licensing Act of requires that a licensed loan originator needs to demonstrate financial responsibility. MLO licenses need to be renewed annually. You will need to submit a license renewal request and then pay all associated fees through NMLS. Prior to submitting the license renewal, you are also required to complete at least eight hours of continuing education Additional State specific hours may be needed.

Printer-friendly Page. Page Content. NMLS News. Agency News. Click here for more information. Money Transmitter License Applicants are now able to view the license requirements on the State Agency Licensing page.

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Money Services Businesses Call Report. Employment Changes Quick Guide. Temporary Authority to Operate. State Licensing. Personalized learning technology tailors study materials and creates customized learning paths to help you prepare for and pass the NMLS mortgage broker exam! Gain access to over questions, 8 simulated exams, and over interactive flashcards with Prep xL Personalized Learning. We offer a broad selection of mortgage training that will help you achieve success in your MLO career.

Explore our loan officer training course categories below. Be prepared for the NMLS licensing exam with our full suite of courses, study tools and learning paths. Missed a state deadline? Learn new skills and selling techniques that can advance your mortgage career and grow your business.

We use cookies to create a better experience. By continuing to use our site, you consent to the use of cookies outlined in our Privacy Policy. Skip to main content. Log In Create Account. MLO License Requirements To meet your mortgage pre-license education requirements, students who wish to obtain their mortgage license are required to: complete a minimum of 20 hours of NMLS-approved education, including any state-specific requirements pass the NMLS licensing exam Review our step-by-step guide to getting your Mortgage Loan Originator license.

NMLS New License State Requirements Most states have different requirements, so be sure to review the requirements specific to each of the states you wish to be licensed in.