Steps to Get a Montana MLO License – Mortgage Loan Originator, Officer, Broker.
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Pre-licensure Education: Prior to submission of the application, complete at least 20 hours of NMLS-approved pre-licensure education (PE) courses which must include 2 hours of Montana-specific content. We currently do not offer the state specific hours for this state. You can complete your 20-hour core course with us and will need to complete your state hours with another provider.
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Testing: Must satisfy one of the following three conditions:
1. Passing results on both the National and Montana State components of the SAFE Test, or
2. Passing results on both the National and Stand-alone UST components of the SAFE Test, or
3. Passing results on the National Test Component with Uniform State Content.
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NMLS Criminal Background Check: Authorization for an FBI criminal history background check to be completed in NMLS.
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Montana MLO Credit Report: Authorization for a credit report must be completed. Individuals will be required to complete an Identity Verification Process (IDV) within the Individual Form (MU4).
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Disclosure Questions: Upload complete details of all events or proceedings for each “Yes” response to the Disclosure Questions on Form MU4.
Company Sponsorship: A sponsorship request must be submitted by your employer.
The company/branch requesting sponsorship must be licensed in Montana. Montana will review and accept or reject the sponsorship request. Montana law requires MLOs to be W2 Employees. Your employer must complete the Worker Classification section in the NMLS.
Employment History: The business address listed in the Employment History section of the Individual Form (MU4) must match the address of the registered location in the Company Relationship.
