How Do You Get A Florida Mortgage License

The career of a mortgage loan originator (MLO) is a very lucrative one. An MLO acts as a link between potential homeowners seeking mortgage loans and the lenders sanctioning it. If you want to be An MLO in the state, you must first get a Florida mortgage license.

Click here to learn more about obtaining a Florida mortgage license.

So how do you go about getting one?

·        Visit the portal of the Nationwide Mortgage Licensing System and create an account. You will be issued an NMLS ID that will be valid throughout your career.

·        Go through the 20-hour national segment of the pre-licensing course as well as the 2-hour state-specific sections. The national section covers general principles and practices of the mortgage industry while the state-specific section focuses on the rules governing the mortgage sector in Florida.

The Florida mortgage license courses are available both in a physical school and online. One of the best online NMLS-approved courses in Florida is offered by RealEstateU.

·        Visit the NMLS portal and schedule the SAFE (Secure and Fair Enforcement) exam by paying a fee of $110. You must score at least 75% in this 190-minute exam to pass it.

·        Submit your fingerprints for checking for any past criminal records as MLOs are expected to maintain high standards of honesty and trustworthiness. 

·        After passing the exam and getting the fingerprint clearance certificate, apply to the NMLS for a license by paying a fee of $30 and a state fee of $195.

·        Apply to a mortgage firm for sponsorship in the initial stages of your career.

Your Florida mortgage license will be activated now and you can launch a very lucrative career in the mortgage industry.