Learn How to Get an MLO License - Become a Mortgage Loan Originator
Start a career in the mortgage industry as a MLO, aka Mortgage Loan Originator. One of the crucial steps in pursuing this path is obtaining your Mortgage Loan Originator license. With the right information and guidance, you can navigate the requirements for new originators smoothly. This is a step-by-step guide on how to get your MLO license through the Nationwide Mortgage Licensing System (NMLS) in a matter of weeks.
1
Complete the 20-hour SAFE Comprehensive Course
One of the primary requirements for obtaining your MLO license is completing a 20-hour SAFE pre-licensure education course from an approved provider. This course covers essential topics related to mortgage lending, laws, ethics, and more. Fortunately, many providers offer this course in various formats, including online courses that are instructor led online, allowing you to study at home on a computer or laptop. During the course, our live instructor will be available to help along the way.
2
Pass the SAFE MLO Test
After completing the 20-hour education course, you will need to pass the SAFE Mortgage Loan Originator Test. This comprehensive exam assesses your knowledge of mortgage industry regulations, ethics, lending standards, and more. It’s crucial to prepare adequately for the exam to increase your chances of passing. All 24hourEDU graduates are provided with a Free Exam Prep Course to help you pass on the first try.
3
Submit Your State Specific NMLS Application
Once you have successfully completed the education requirements and passed the SAFE MLO test, there will be a few more state specific items. You can proceed to work on your application for a MLO license through the NMLS. Make sure to provide all the necessary documentation, background check, and pay the required fees to complete the registration process.
4
Obtain Your License Certificate
After your application has been approved, you will receive your MLO license certificate, indicating that you are now a licensed Mortgage Loan Originator. This certificate is a testament to your completion of the necessary education and training to work in the mortgage industry.
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Understanding the NMLS Requirements
Throughout the journey to get your MLO license, be sure to familiarize yourself with the requirements set by the NMLS.To become a licensed mortgage loan originator, you must complete pre-licensure education, pass the SAFE MLO test, and meet any additional state-specific requirements.
In conclusion, obtaining your MLO license is a significant milestone in your journey to becoming a Mortgage Loan Originator. By following the outlined steps and staying informed about the process, you can obtain your license in a matter of weeks. Remember to leverage our online instructor led course, the included exam prep course, and the free course e-book to make the education and training process more accessible and convenient. Good luck on your path to becoming a licensed MLO!
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