An Overview of CA MLO License Requirements
An Overview of CA MLO License Requirements
Becoming a mortgage loan officer in California is a very rewarding profession as you have the satisfaction of helping others buy a home through a mortgage loan. You will be responsible for collecting all financial papers and processing the documents so that a loan is sanctioned by a lender or financial institution.
However, before kick-starting your career, you must know what are the CA MLO License requirements. This post will take you through the entire process of getting an MLO license in California.
Click here to learn more about the CA MLO license requirements.
# Ensure that you are at least 18 years old and a citizen of the USA. Now visit the Nationwide Mortgage Licensing System (NMLS) portal and create an account. The allotted ID will be valid throughout your career as an MLO.
# Complete the 20 hours of pre-licensing coursework. Select a provider who is approved by NMLS. You can select either an online course or a classroom setting. Online courses are more convenient and flexible as you can study from anywhere on the go without upsetting your daily routine.
Among the top NMLS-approved online course providers in California is RealEstateU. While being of the highest quality, the coursework is the lowest priced in this niche.
# Submit your fingerprints for verification of past criminal records. Getting a clean clearance certificate is among the main CA MLO license requirements.
# Visit the NMLS portal and schedule a Secure and Fair Environment (SAFE) licensing exam. On the appointed date, appear for the exam and pass it by securing a minimum 75% grade.
#Find a licensed mortgage broker or lender to sponsor you.
# Apply for a license on the NMLS portal.
These are the CA MLO license requirements to meet for a license.