NMLS-Approved Pre-License – License Requirements

A Loan Originator is defined as someone who takes a residential mortgage loan application and offers to negotiate terms, such as rates and fees of the loan for compensation or gain. They are the primary contact for a borrower and help the borrower complete any paperwork for the loan.

There are four main requirements for obtaining a Mortgage Loan Originator license:

  1. Register with NMLS (Nationwide Mortgage Licensing System)
  2. Complete the 20-hour Mortgage Pre-License course (along with any State-specific requirements)
  3. Pass the National Exam
  4. Complete background check and credit checks with the NMLS
  5. Apply for license(s)

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