Mortgage Loan Originator
Licensed professional who originates residential mortgage loans under NMLS regulation.
About the MLO License
Mortgage Loan Originators (MLOs) help borrowers obtain residential mortgage loans. They work for banks, credit unions, mortgage companies, or as independent brokers. MLOs are regulated under the SAFE Act and must be licensed through the Nationwide Multistate Licensing System (NMLS).
NMLS Required: All MLOs must be registered through the Nationwide Multistate Licensing System (NMLS). Your unique NMLS ID follows you throughout your career.
Federal SAFE Act Requirements
- Minimum Age: 18 years old
- Education: High school diploma or equivalent
- Pre-Licensing: 20 hours minimum (federal requirement), states may require more
- Background Check: FBI criminal background check and credit report required
- Sponsorship: Must be sponsored by a licensed mortgage company
SAFE MLO Exam
Exam Name: SAFE MLO Test
Provider: NMLS (administered by Prometric)
Format: National: 120 questions (5 unscored) + State: 25 questions (varies by state)
Passing Score: 75% on national, varies by state
Retake Policy: 30-day wait after first and second failures; 180-day wait after third failure
Career Outlook
Work Environment: Office setting at banks, credit unions, mortgage companies, or brokerage firms
Compensation: Base salary plus commission (often 1-2% of loan amount)
Career Advancement: Senior Loan Officer, Branch Manager, Mortgage Broker Owner, Underwriting
NMLS Resources
Annual Renewal
MLO licenses renew annually (November 1 - December 31). Requirements include:
- • 8 hours continuing education
- • NMLS renewal fee ($30 + state fees)
- • Updated background check (every 3 years)
Related Licenses
Considering real estate? Many MLOs also hold real estate licenses for referrals.
Learn about Agent License →MLO License by State
Select your state to see specific requirements, fees, and exam information.