Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.
Whether you’re looking to start a new career or renew your NMLS license before the year ends, we’re here to assist you. In this piece, we’ll provide you with some background information, guide you on obtaining your NMLS license, introduce you to our preferred NMLS licensing and CE schools, and set you on the path to licensure or a quick renewal. Let’s dive in!
Embarking on a career as a Mortgage Loan Officer (MLO) can be financially rewarding if you have the ability to consistently provide value to your clients. For the average homebuyer, obtaining a mortgage can be a stressful process. With numerous obstacles to navigate, the help of a licensed professional is crucial. This is where a Mortgage Loan Officer (MLO) steps in.
Mortgage loan officers, also known as mortgage loan originators or lending officers, typically earn salary-based income with commission. They enjoy flexible working hours and can work independently or with a bank or mortgage broker. However, this promising career path requires hard work and an NMLS license. Without one, you won’t even be able to enter the field. Let’s explore the process of obtaining or renewing your MLO license.
Best NMLS prelicensing & CE schools for 2024
NMLS license costs
Obtaining your NMLS license is essential if you want to work as a certified MLO. However, NMLS licensing costs can be significant, with expenses accumulating over time due to prelicensing courses and processing fees. While these costs may seem daunting, it’s important to address them upfront. Let’s break down the costs before you embark on your journey.
Here’s a breakdown of the processing, registration, and background check costs associated with obtaining your NMLS license. These examples are based on some of the more populous states, but keep in mind that costs are state-specific and vary depending on your location.
How to get an NMLS License (in 4 steps)
HW Media, LLC has established an agreement with The CE Shop to promote online course information to consumers and real estate licensees. HW Media, LLC is not the developer of these courses and is simply providing a referral. Any questions regarding course content or technology should be directed to The CE Shop.
Related