A Brief Overview of How To Get A Mortgage Loan Originator License

A mortgage loan originator’s job is a very rewarding and satisfying career. You get to help people realize their goals of getting a mortgage loan and owning their dream homes. On the other hand, with hard work, earning a six figure income is a distinct possibility. The one condition that you must fulfill is to first get a mortgage loan originator license.

This post will take you through the various aspects of getting a license and how you should go about it.

Click here to learn more about how to get a mortgage loan originator license.

# The first step is to ensure that you are at least 18 years old and a US citizen. A high school pass or equivalent is also required.

# Open an account on the NMLS (National Mortgage Licensing System) portal and create an account. The ID generated will be valid throughout your career as a mortgage loan originator.

# Go through 22 hours of a pre-licensing course. This is essential to get a mortgage loan originator license. Make sure that the course provider is approved by NMLS. Further, choose an online course as it is more convenient than a classroom setting. Check out the online course of RealEstateU, the leaders in this niche.

# Submit your fingerprints electronically for verification of past criminal records. A clearance certificate only will make you eligible for a mortgage loan originator license.  

# Schedule the SAFE (Secure and Fair Environment) licensing exam on the portal of NMLS and pass the test. Now apply for a mortgage loan originator license on the NMLS website.

# Find a broker or lender to sponsor. After your employment status is verified by NMLS, you will be issued an active mortgage loan originator license