Question 1

How to Become a Mortgage Loan Originator

Accepted Answer

1. Take Your Required Course – Complete your NMLS-approved education with Aceable Mortgage.
2. Pass the NMLS Exam – Our courses help you feel confident and prepared.
3. Apply for Your License – Submit your application through the Nationwide Multistate Licensing System (NMLS).

MLOs are required to:

Complete a Criminal Background Check
Authorize a credit report through the NMLS.

4. Start Your Career – Use your new skills to help people secure their dream homes.

Question 2

What is an NMLS-approved mortgage pre-license course?

Accepted Answer

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

3 hours of federal law
3 hours of ethics
2 hours of non-traditional mortgage lending training
12 hours of electives

State-Specific Requirements: Some states have specific requirements as part of or in addition to the 20-hour requirement focusing on unique laws and regulations.

Question 3

After becoming registered with the NMLS, what steps are required to become licensed in an individual state?

Accepted Answer

Each State's mortgage licensing law dictates requirements for individual state licensure. However, specific requirements exist for all states, and the licensing process will be standardized and facilitated through the NMLS.

Requirements include:

Pre-License Education
National Examination
Background Checks

Please check the NMLS websiteKnowledge Mortgage.nationwidelicensingsystem.org for updated information about individual state requirements.

Question 4

Do I need to take a pre-licensing course to become an MLO?

Accepted Answer

Yes! To become a licensed Mortgage Loan Originator, you must complete an NMLS-approved pre-licensing course, pass the NMLS exam, and meet any additional state-specific requirements.

Question 5

What happens after I finish the course?

Accepted Answer

Once you successfully complete your course, Aceable Mortgage will report your completion to NMLS. Then, you’ll be eligible to register for the NMLS exam, which you must pass to apply for your Mortgage Loan Originator (MLO) license.

Question 6

Is this course available in my state?

Accepted Answer

Our 20-hour SAFE Comprehensive Pre-License Course meets national NMLS education requirements for most states. Be sure to check your state’s specific requirements on the NMLS website.

Question 7

What happens after I enroll?

Accepted Answer

Immediately upon enrollment, you will receive a username and password that will grant you access to:

Course instructions and materials.
Knowledgeable instructors who can answer any course-related questions.
For webinar attendees, you’ll be prompted to view the webinar schedule and select your preferred webinar start date.

The National Course to Become a Mortgage Loan Originator

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