How to Become a Mortgage Loan Officer

In this video, Dave McGill from Mortgage Educators and Compliance breaks down the essential steps to becoming a Mortgage Loan Officer (MLO). If you're looking to join this lucrative profession but unsure where to start, you've come to the right place. Dave clarifies the role of the Nationwide Multistate Licensing System (NMLS) and walks you through the process of obtaining your unique NMLS ID#. He takes you step by step through filling out the MU4 license application form, which includes providing ten years of employment and residential history, financial and criminal background disclosures, credit checks, and scheduling electronic fingerprinting. While waiting for your appointment, Dave recommends starting the mandatory 20 hours of pre-licensing education. This comprehensive guide is aimed at giving you a clear path to achieving your goal. Tune in to start your journey to becoming a mortgage loan originator.
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Mortgage Educators Home Page - mortgageeducators.com/
NMLS Resource Center - bit.ly/3Y8esZG
NMLS Individual State Contact Info - bit.ly/44SqIiM

[@D.newera]

Nice and informative 👍. Thank you.

[@lismelvidosalrosell]

Thank you for this valuable information.

[@MortgageEducators]

Glad it was helpful!

[@Mariannyrg]

Thank you guys so much for being so informative!

[@MortgageEducators]

Our pleasure! We hope to see you succeed in the industry in the near future! Feel free to reach out with any questions, 877 403 1428

[@BowedUpWitMike]

I have bad credit. would I need to work on it first before trying to apply

[@B1ubb1T34]

I created a NMLS account, I wanted to get started on scheduling fingerprints/background check while I work on education hours via Mortgage Educators as the video suggests, however the NMLS system will not allow me to submit application until I have completed my hours and passed the exam. Am I missing something, or did they change the system? Thank you.

[@antoniomiles2973]

Will simple misdemeanors get someone denied ?

[@MortgageEducators]

That depends. If that misdemeanor involved fraud, theft, money laundering, then absolutely denied. If it's speeding ticket or jaywalking, that shouldn't be an issue. In every state, the regulators are looking to see that you will have the confidence of your community and operate honestly and fairly in the best interest of the consumer. Whatever it was, don't hide it when filling out the license application. That would lying and not inspire confidence. The state regulator you're interested in would answer that question directly.

[@TinaLawson-ut7im]

Okay good

[@MortgageEducators]

Tina, we just gotta know. Have you scheduled your 20-hour Pre-Licensing?!