Mortgage Loan Originator

This license is required of “(A) an individual who for compensation or gain or in the expectation of compensation or gain: (i) takes a residential mortgage loan application; or (ii) offers or negotiates terms of a residential mortgage loan.  (B) But, does not include an individual engaged solely as a loan processor or underwriter for a registrant, unless that individual is an independent contractor and not an employee.”

APPLICATION and REQUIREMENTS:

All Mortgage Loan Originator license applications, amendments, and renewal filings must be made through the Nationwide Mortgage Licensing System & Registry (NMLS). Click HERE to access NMLS.