Examples of some questions regarding license renewal for Mortgage Loan Originators (MLOs) are below:
Q: When is the last time Real Estate Institute will report course(s) in 2024?
A: We strongly encourage courses to be completed by the NMLS Guaranteed to Miss Renewal deadline of Friday, December 27th.
Courses must be completed no later than 2:00 PM CENTRAL TIME on Monday, December 30th to be part of our last reporting of 2024 to NMLS on Monday, December 30th.
Q: Are MLOs notified if continuing education (CE) is required from the NMLS?
A: Yes. As the deadline approaches, the NMLS sends monthly CE reminders via email.
Q: What is the SMART deadline?
A: The NMLS has a SMART deadline set each year to help loan originators complete their continuing education requirements in time to ensure course completion is reported to the NMLS. A licensee cannot submit their renewal application until the course completion is reported to the NMLS. Review the SMART deadline at the NMLS website.
Q: Will NMLS block renewal for a license if the MLO did not complete their education requirements?
A: Yes. The NMLS validates the MLO is compliant with Federal and State annual CE requirements as a condition for applying for renewal.
Q: How can I review my education records with the NMLS?
A: The NMLS keeps records of course completion and compliance. Review the education record information at the NMLS website.
Q: When does the renewal window open?
A: Typically, on November 1st of the renewal year. Details of renewal are available on the NMLS website.
Q: What is the renewal fee for the license?
A: That varies—details of renewal information are available at the NMLS website.