Steps to Follow To Get A Mortgage Loan Originator License In Texas

Are you interested in getting a mortgage loan originator license in Texas? If so, here is a brief step-by-step account of how to do so.

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

• Visit the website of the Nationwide Mortgage Licensing System (NMLS) and create an account. You will be issued a permanent NMLS number and ID.

• Complete a pre-licensing coursework that must be on the approved list of the NMLS. The coursework is divided into two parts, the 20-hour national section and the 3-hour state-specific section that imparts knowledge of the mortgage rules and regulations prevailing in Texas only. The topics include professional conduct, financial rules, mortgage fundamentals, and more.

The study materials can be gone through in either a classroom setting or online. The latter courses are preferred as they offer the candidates the flexibility to study at their own pace and on the go. Check out the NMLS-approved online courses offered by RealEstateU, not only are they of the highest quality but also very affordable.  

• Schedule your Secure and Fair Enforcement (SAFE) licensing exam with the NMLS. Appear for the exam and pass it. The test is 190 minutes duration and 75% is the minimum pass grade. The exam fee is $110.

• Submit your fingerprints for verification for any past criminal record or act of felony.

• After passing the SAFE test, apply for a mortgage loan originator license in Texas on the NMLS website. 

• Find a mortgage broker to sponsor and mentor you during the initial stages of your career.

Once all these steps are completed an active mortgage loan originator license will be issued by NMLS.