To become a mortgage loan officer (MLO), you generally need to follow these key steps:
- Meet Basic Requirements
Be at least 18 years old and have a high school diploma or GED. Taking math and finance-related classes in school can be helpful
- Complete Pre-Licensure Education
Complete 20 hours of NMLS-approved pre-licensure courses covering federal law, ethics, lending standards, and mortgage origination
- Pass the SAFE MLO Exam
Pass the Secure and Fair Enforcement for Mortgage Licensing (SAFE) exam with at least a 75% score. This tests knowledge of federal and state mortgage laws
- Submit Background Checks and Credit Report
Provide fingerprints for an FBI criminal background check and authorize a credit report. Certain felonies or financial crimes can disqualify candidates
- Obtain State Licensure
Apply for a mortgage loan originator license through your state's regulatory agency via the Nationwide Multistate Licensing System (NMLS). Each state has specific requirements and fees
- Find Sponsorship
Most states require that you be sponsored by an employer, such as a mortgage broker or lender, who will supervise your work
- Maintain and Renew Your License
Complete annual continuing education—usually 8 hours of NMLS-approved coursework—to keep your license active
- Gain Experience
Start working in the field, often at a mortgage company, bank, or credit union, to build expertise and client relationships
Additional Notes:
- A bachelor's degree in finance, business, or a related field can be helpful but is not required
- The entire process can be completed within a few months, depending on state requirements and exam scheduling
This pathway ensures you meet federal and state regulations and are prepared to assist clients with mortgage loans professionally.
