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12-Step Guide

Your Complete NMLS Licensing Roadmap

A step-by-step guide to navigating the NMLS licensing process with confidence

1
Step 1
Understand the Role of an MLO:

An MLO assists clients in obtaining mortgage loans, guiding them through application processes, and ensuring compliance with financial regulations.​ NMLS Resource Center

2
Step 2
Research State-Specific Requirements:

Licensing requirements vary by state. It's crucial to consult the state's regulatory authority or the Nationwide Multistate Licensing System & Registry (NMLS) for specific guidelines.​ NMLS Resource Center

  • OnCourse Learning
3
Step 3
Complete Pre-Licensure Education (PE):

Enroll in NMLS-approved courses totaling at least 20 hours, covering.​

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 12 hours of electives

    • Some states may require additional state-specific education. ​

  • ONCOURSE LEARNING
4
Step 4
Pass the SAFE MLO Test:

Schedule and pass the SAFE (Secure and Fair Enforcement) MLO test, which includes.

  • A National Component
  • A State Component (if required by your state)

    • Testing is conducted through approved providers like Pearson VUE. ​ California Department of Real Estate.

  • Pearson VUE
  • OnlineEd
5
Step 5
Authorize a Criminal Background Check (CBC):

Submit fingerprints via NMLS for an FBI criminal history background check.​

  • NMLS Consumer Access
  • NMLS Resource Center
  • OnCourse Learning
6
Step 6
Authorize a Credit Report:

Through NMLS, authorize a credit report to demonstrate financial responsibility.​

  • NMLS Resource Center
  • OnCourse Learning
  • NMLS Resource Center
7
Step 7
Secure Sponsorship:

Obtain sponsorship from a state-licensed mortgage company, as many states require this for license approval.​

  • NMLS Resource Center
8
Step 8
Submit the License Application:

Complete and submit the Individual Form (MU4) through NMLS, ensuring all information is accurate and complete.​

  • OnCourse Learning
  • NMLS Resource Center
  • California Department of Real Estate
9
Step 9
Pay Applicable Fees:

Be prepared to pay fees associated with.​

  • NMLS processing
  • State licensing
  • Credit report
  • Criminal background check
10
Step 10
Await Application Review:

The state regulatory authority will review your application. This process may take several weeks.​

11
Step 11
Maintain Your License:

Fulfill annual Continuing Education (CE) requirements, typically 8 hours, including:​ California Department of Real Estate.

  • OnCourse Learning
  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of elective education

    • Some states may have additional CE requirements.
    OnCourse Learning.

12
Step 12
Utilize NMLS Resources:

Regularly consult NMLS resources for updates on requirements and best practices.

  • Additional Tips

    • Stay Organized: Keep detailed records of all completed education, tests, and communications.​

  • NMLS Resource Center
  • OnCourse Learning

    • Seek Mentorship: Connect with experienced MLOs for guidance and insights.

    Stay Informed: Regulations can change; ensure you're always compliant with current laws.​