Get Your Puerto Rico MLO License
Puerto Rico mortgage loan originators are required to be licensed. In order to apply for a license, applicants must complete 20-hours of NMLS approved education. Our online MLO courses are fully approved to meet this requirement to get a PR MLO license.
3 Easy Steps to obtain a Mortgage Loan Originator License in Puerto Rico
1
Complete an NMLS approved 20-hour MLO Course:
ENROLL HERE to start the course instantly
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
20 Hour SAFE Comprehensive: Puerto Rico MLO Course
This is the course you need to take to obtain your Puerto Rico license. Unlike most competitors, we don’t have confusing packages. We include our exam prep course free, so you have everything in one package designed to get your license!
- 20 Hour Approved Course
- Bonus Exam Prep Course Included FREE ($149 value)
- NMLS Hours Reporting Included Free ($30 value)
- Online Instructor Led Videos
- E-textbook Included (Downloadable PDF)
- Unlimited Phone & Email Support
- Bonus Marketing Videos Included FREE ($236 value)
- Fully Updated
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 NMLS SAFE exam. Once you complete this course, we report your hours to the NMLS FOR FREE, and you will have immediate FREE ACCESS to our full Exam Prep Course. All for just $275 $189. You will be able to apply for a license with the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF). Your PR MLO license application will be submitted to the NMLS system.
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A message from our Mortgage Loan Originator Education Instructor Rich Leffler about the training program
Puerto Rico offers several promising cities for aspiring mortgage brokers, with San Juan standing out as the premier location due to its status as the economic and financial hub of the island. The metropolitan area provides access to the highest concentration of real estate transactions, financial institutions, and a diverse client base ranging from local residents to international investors. Ponce and Mayagüez also present viable opportunities, with growing real estate markets and lower competition compared to the capital. Cities like Guaynabo and Dorado are particularly attractive for brokers targeting high-end residential mortgages due to their affluent populations and luxury real estate developments. Successful mortgage brokers in Puerto Rico often benefit from bilingual skills (Spanish and English), knowledge of both mainland U.S. and local lending regulations, and an understanding of the unique financial considerations affecting the island, including various tax incentives that continue to drive property investment from both locals and mainland Americans relocating to Puerto Rico.
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Frequently asked Questions about 24hourEDU and How to Get your Mortgage License
Why does 24hourEDU include the Exam Prep Course along with the 20-hour mortgage broker course?
We made sure the NMLS required 20-hours of studying includes the information needed pass the SAFE MLO Exam. To ensure Puerto Rico students have an opportunity to continue to study, we provide everyone with a 600 page e-book, 500 exam prep questions, and a 30-page study guide specific to the test. We want every student to have the material needed to pass their exam. It is included, because you will need it to study as a resource after your 20-hour mortgage loan office course.
What is a mortgage loan originator (MLO)?
A mortgage loan originator (MLO) is a professional who helps borrowers apply for and obtain mortgage loans. They assess borrowers’ financial situations, recommend appropriate loan products, and guide clients through the mortgage application process. Many people refer to the individual MLO as a mortgage loan officer or mortgage broker.
Do I need a license to become a mortgage loan originator?
Yes, you need a license to become a mortgage loan originator in the United States. This requirement was established by the SAFE Act of 2008 to ensure that MLOs meet minimum standards for education, testing, and background checks.
