Get Your Vermont MLO License
Vermont mortgage loan originators are required to be licensed. In order to apply for a license, applicants must complete 22-hours of NMLS approved education. Our online VT and National MLO courses are fully approved to meet this requirement.
3 Easy Steps to obtain a Mortgage Loan Originator License in Vermont
1
Complete our NMLS Approved 20-hr Course and our NMLS approved Vermont 2-hour MLO Course #18671 (included free)
All for just $189! ENROLL HERE and start the course anytime!
2
Pass your national mortgage exam:
Exam prep included free of charge (unlike other schools)
3
Apply for the MLO License:
We report your hours to the NMLS free of charge
22-Hour SAFE Comprehensive: Vermont MLO Course
This is the course you must complete to obtain your Vermont MLO license. Unlike other providers, we don’t have confusing packages. We include our exam prep course free, so you have everything in one package designed to get your VT MLO license!
- 20-Hour Approved Course #16623
- 2-Hour Vermont Laws Course #18671 ($49 value)
- Bonus Exam Prep Course Included FREE ($149 value)
- NMLS Hours Reporting Included Free ($30 value)
- Online Prerecorded Instructor Led Videos
- E-textbook Included (Downloadable PDF)
- Unlimited Phone & Email Support
- Bonus Marketing Videos Included FREE ($236 value)
If you already have an MLO license in another state and want to get a Vermont License too, you can enroll in our 2-hr VT MLO Course for $49 by calling student support at (888) 405-4453.
Why so inexpensive compared to other mortgage schools?
Since we only offer online courses, we can keep our costs low and our price affordable unlike most of our competitors. Therefore, we get to train more students than the other schools, which is a win for us. By keeping our costs lower, we help you get started in a great career as an MLO without having to take out a loan for your training, so everybody wins.
Best Training – Best Service – Best Value
Our 20-hour NMLS Approved National Course will fully prepare you to pass the license exam. Once you complete this course, you will have immediate FREE ACCESS to our 2-hour Vermont Approved Mortgage Laws Course and a full Exam Prep Course. All three courses for just $189. You will be able to apply for a license with theVermont Department of Financial Regulation (DFR) – Banking Division, through the NMLS Resource Center. Our staff is here to help you every step of the way.
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Vermont 2-hour Mortgage Laws Course and Exam Prep Included Free
Our 2-hour Vermont laws course is included with the purchase of our 20-hour course. We also include our exam prep material in one easy to access package. You will get everything you need to become a licensed mortgage loan originator in Vermont. Once you finish your initial 20-hours, both the VT laws and Exam Prep courses will appear on your mortgage training account for free.
A message from our Mortgage Loan Originator Education Instructor Rich Leffler about the training program
The Benfits of Earning a Vermont MLO license
Working as a mortgage loan originator with a Vermont MLO License provides unique advantages, driven by the state’s enduring appeal as a premier destination for remote professionals and families seeking a balanced, community-focused lifestyle.
Vermont’s blend of quintessential New England villages, lakeside retreats, and vibrant college towns creates a sophisticated and high-demand market for mortgage professionals.
Why Vermont is a Strategic Choice for MLOs:
Diverse Economic Drivers: Vermont MLOs benefit from a resilient economy supported by higher education, healthcare, specialty manufacturing, tourism, and a world-renowned craft food and beverage sector.
High Demand: The market is energized by a steady influx of buyers from across the Northeast corridor seeking a “lifestyle upgrade,” alongside established residents looking to navigate a competitive housing landscape.
Quality of Life: The state’s unparalleled natural beauty—from the Green Mountains to Lake Champlain—combined with its reputation for safety and sustainability makes it an increasingly popular choice for long-term homebuyers.
The Vermont Advantage: Whether you are helping a first-time buyer find a home in a historic district or assisting a remote worker with a mountain-side estate, the Green Mountain State offers a dynamic and rewarding career path.
Whether you want to become a mortgage broker in Burlington, South Burlington, Rutland, Essex, Colchester, Bennington, or Montpelier, our mortgage loan originator course will provide the comprehensive education you need to earn your license and thrive in this unique market.
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Vermont MLO License FAQs
Who is required to obtain a Vermont MLO License?
Any natural person who, for compensation or gain, takes a residential mortgage loan application, offers or negotiates loan terms, or represents to the public that they can perform these services must be licensed. This requirement also extends to independent contractor loan processors or underwriters and sole proprietors acting as mortgage brokers or lenders.
What are the pre-licensure education (PE) requirements?
To qualify for a license, you must complete 20 hours of NMLS-approved education. This curriculum must include at least 2 hours of Vermont-specific law and regulation. It is important to note that these courses must be completed within the three years immediately preceding your application date.
Which exams must I pass to be licensed in Vermont?
Applicants can satisfy the testing requirement in one of three ways: passing both the National and Vermont State components of the SAFE Test; passing both the National and Stand-alone UST components; or passing the National Test Component with Uniform State Content.
How much are the application and registration fees?
The initial fees for a Vermont MLO license include a $50.00 Application Fee, a $50.00 License Registration Fee, and a $35.00 NMLS Processing Fee. For those seeking active status, there is also a $50.00 Sponsorship Fee and a $35.00 NMLS Sponsorship Fee.
Does Vermont require employer sponsorship for MLOs?
Yes. Every MLO must be employed and sponsored by exactly one Vermont-licensed lender, mortgage broker, or loan servicer. Your employer must submit a sponsorship request through the NMLS before your license application can be approved.
Are Vermont MLOs allowed to work remotely?
Remote work is permitted in Vermont. However, the sponsoring company is required to complete a Vermont Attestation Compliance with Remote Worker Conditions to ensure all remote operations meet state standards.
What are the office location requirements for an MLO?
The business address on your Form MU4 must match the registered location of your sponsoring employer. Additionally, this location must be within a reasonable commuting distance of your residence.
What information is required for the credit report and criminal background check?
All applicants must authorize a credit report and an FBI criminal background check through the NMLS. If you have any "Yes" answers in the disclosure section regarding past legal or financial events, you must provide written details including dates, case numbers, and the current status of the matter.
More Frequently asked Questions about Getting a Mortgage Broker / Loan Officer License in the United States
How much does a mortgage loan originator make on average in the United States?
According to a study performed by GLASSDOOR on June 6th, 2024, the average salary for a mortgage loan originator is around $177,000 per year with the top MLO’s making over $240,000 per year.
What does mortgage license training involve?
Mortgage license training involves completing the 20-hour pre-licensure education course, passing a national exam, and meeting state-specific requirements. The training covers topics such as federal and state mortgage laws, ethics, loan origination, and consumer protection.
How long does mortgage license training typically take?
The duration of mortgage license training can vary, but most aspiring MLOs can complete the required pre-licensure education in 20-30 hours. This includes additional time for exam preparation. 24hourEDU includes a complete exam prep course for the SAFE MLO National Exam free of charge with our 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course.
- 3 hours of ethics
- 2 hours of non-traditional mortgage lending
- 12 hours of electives – Our online MLO course dedicates all of these hours to preparing you for the SAFE MLO test for mortgage loan originator licensing.
What are the educational requirements for mortgage license training?
The SAFE Act requires a minimum of 20 hours of pre-licensure education, which includes 3 hours of federal law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, plus 12 hours of general mortgage origination electives. Other states may require additional hours.
How much does 24hourEDU’s mortgage license training cost?
The 24hourEDU 20-hour course costs just $189! The cost of mortgage pre-licensure education with other courses can range from $300 to $800 plus they have additional costs for exam prep courses and NMLS hour reporting fees. 24hourEDU does not nickel and dime you on this. We include exam prep and the NMLS hour reporting fees in our tuition. Some students also ask: Why is 24hourEDU so cheap? By keeping our tuition affordable, we get to train more MLO students than any other school, so that is a win for us. By having the best price, we also help students get their mortgage license without spending an arm and a leg on the training. Everybody wins.
Can I complete mortgage license training online?
Yes, the 24hourEDU NMLS-approved course offers online mortgage license training. This allows for flexible scheduling and online learning, making it convenient for those who are working or have other commitments. Per NMLS regulations, the 20-hour course must be completed in 14 days or less from the start date. All of the training and testing to pass your 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course will be done online in our learning management system.
Is there an exam I need to pass after completing mortgage license training?
Yes, after completing the pre-licensure education, you must pass the SAFE Mortgage Loan Originator Test. Our training includes guidance to study for the national component and, for many states, a state-specific component. The exam tests your knowledge of mortgage lending practices and relevant laws.
What topics are covered in mortgage license training courses?
Mortgage license training courses typically cover federal and state mortgage laws, ethics, loan origination processes, financial calculations, credit analysis, types of mortgage products, and fair lending practices. 24hourEDU has specifically designed our course to prepare you for the SAFE MLO National Exam.
How often do I need to renew my mortgage loan originator license?
MLO licenses must be renewed annually. The renewal process involves completing state continuing education requirements and paying a renewal fee. The NMLS Annual Renewal Period begins Nov. 1 each year. The renewal deadline each year is December 31st.
What is the NMLS, and how does it relate to mortgage license training?
The Nationwide Multistate Licensing System & Registry (NMLS) is the system of record for MLO licensing and registration. It manages the pre-licensure education, testing, and continuing education requirements for MLOs across the United States. You will learn all about the NMLS while completing our 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course.
Can I work as an MLO while completing my mortgage license training?
You cannot work as an MLO while completing your training. You must first complete the pre-licensure education, pass the SAFE MLO test, and obtain your license before you can legally originate mortgage loans.
Are there different mortgage license training requirements for each state?
While the SAFE Act establishes minimum national standards that cover this state, other states have additional requirements for MLO licensing. These may include a few more hours of state-specific pre-licensure education, or a different process for background check requirements.
What career opportunities are available after completing mortgage license training?
After completing mortgage license training and obtaining your license, you can work as an MLO in various settings, including banks, credit unions, mortgage companies, or as an independent broker. With experience, you might advance to roles such as team leader, branch manager, or even open your own mortgage brokerage.
Is 24hourEDU legit? Can I get my mortgage license hours by taking an online course?
Yes, the 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course by 24hourEDU is 100% approved by the NMLS so you can get the core hours required to apply for a mortgage loan origination license. 24hourEDU is an approved NMLS Course Provider listed in the NMLS list of approved online mortgage education providers under ID: 1405107.
