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Get Your Mortgage Loan Originator License in 2021!

 

 

Florida Pre-Licensing Bundle

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Starting at: $399 Now Only $239!

Use Promo Code: FLPEDEAL

 

 

Licensed in another state and want to add Florida?

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Now Only $39.98!

Use Promo Code: FLPE39

 

 

 

A mortgage license in Florida could be the foundation to the flexible, lively, and engaging career you’re seeking. However, getting licensed is hard work, and requires dedication and a willingness to learn. Our goal is to make obtaining your mortgage license as convenient, and simple as possible. Our mortgage license course bundles satisfy all of Florida’s required education credits and include a test prep course to help you pass the national NMLS license exam. So, if you are social, diligent, and dedicated to learning, obtaining your Florida mortgage license may be a perfect choice.

 

How to Get Your (MLO) Mortgage License in Florida

 

1. Apply for your NMLS Account and ID Number

The first step to getting your Florida mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website.

 

2. Complete Your NMLS Pre-License Education

Once you've created your NMLS account, its time to complete your pre-license education. Florida requires the 20-hour (18 hours & 2 hours elective) SAFE pre-licensure education course. 

 

3. Need to pass the NMLS Mortgage Licensing Test

With your education complete, you need to schedule an appointment for the National Test Component exam. Find out more on how to take your NMLS test here.

 

4. Complete Background Checks and Pay All Fees

After receiving a passing score on your NMLS mortgage exam, you need to apply for your NMLS license. Find out more about how to complete your background check and fingerprints here.

 

5. Apply for your Florida Mortgage License

After receiving a passing score on your NMLS exam, you need to apply for your Florida NMLS license. You can find more information on how to apply here.

 

6. Associate your NMLS Account with your Employer

Your mortgage license will be in a pending state in Florida until you have an employer sponsorship, which lets the government know that an employer is supervising your individual license. Learn how to associate your NMLS account with your employer here.

 

 

Getting Your Mortgage License in Florida

A mortgage license in Florida could be the foundation to the flexible, lively, and engaging career you’re seeking. However, getting licensed is hard work, and requires dedication and a willingness to learn. Our goal is to make obtaining your mortgage license as convenient, and simple as possible. Our mortgage license course bundles satisfy all of Florida’s required education credits and include a test prep course to help you pass the national NMLS license exam. So, if you are social, diligent, and dedicated to learning, obtaining your Florida mortgage license may be a perfect choice.

 

Florida Mortgage License Requirements

A mortgage license in Florida could be the foundation for the flexible, lively, and engaging career you’re seeking. However, getting licensed is hard work, and requires dedication and a willingness to learn.

 

Our goal is to make obtaining your mortgage license as convenient, and simple as possible. Our mortgage license course bundles satisfy all of Florida’s required education credits and include a test prep course to help you pass the national NMLS license exam.

 

So, if you are social, diligent, and dedicated to learning, obtaining your mortgage license in Florida may be a perfect choice.

 

Requirements for Obtaining Your Florida Mortgage Loan Originator (MLO) License

The SAFE Act of 2008 dictates that new loan originators in Florida must complete 20 hours of mortgage education: an 18 hour online instructor-led course, and a 2-hour Florida state law and rules course.

New state-licensed Mortgage Loan Originators are required to complete a 20-hour SAFE pre-licensure education course that includes:

 

- 3 hours of Federal law and regulations

- 3 hours of ethics, fraud, consumer protection, and fair lending issues

- 2 hours of non-traditional mortgage lending

- 10 hours of undefined instruction (electives)

- 2 hours of Florida state law education

 

What's the Difference Between a Florida Mortgage Broker License and a Loan Officer License?

“Mortgage broker” and “mortgage loan officer” are frequently confused terms. As a result, many people searching for a Florida mortgage broker license are actually trying to get licensed as a mortgage loan originator.

So what’s the difference, and which should you get? Simply put, mortgage loan originators are employed by a mortgage broker. Loan officers are responsible for providing mortgage loans to homeowners. Therefore, if you are seeking a career in loan origination, you will need to select the Instructor-Led Bundle, Pre-Licensed Course, or NMLS National Test Prep.

 

Cost of Getting Your Mortgage License in Florida

Here are the costs you’ll need to pay to obtain your mortgage loan originator license in Florida:

 

$195 - Florida application fee

$30 - NMLS processing fee

$36.25 - Federal criminal background check

$24 - State criminal background check

$15 - Credit Report fee

Total license costs: $300.25

 

 

Keep in mind that this does not include fees for reporting course hours to the NMLS. Mortgage Educators includes all course reporting fees in its prices to help make that process easier. You will, however, be responsible for paying the NMLS testing fee ($110).

 

 

PE Expiration Policy in Florida

PE Expiration is a policy that was created by the NMLS Policy Committee that addresses situations in which an individual is required to retake 20 hours of pre-licensure education if they fail to acquire a valid mortgage license within three years from the last date of licensure as a mortgage loan originator. Florida is currently in pending enactment for the PE Expiration policy which means the policy is currently not enforced, but it will be rolled out soon.

 

 

Florida Continuing Education Requirements

The renewal of your NMLS license in Florida requires the completion of CE, or continuing education, which is done annually. For Florida, you will need to complete a 7-hour CE course with an additional 1-hour course of state law.

 

Once the courses are completed, Mortgage Educators will ensure that your completed hours are reported to the NMLS. Just apply for mortgage license renewal in Florida, pay the fee to the NMLS by the end of the year, and you’ll carry your license into the following year.

 

The "successive years" rule is a rule from the NMLS stating that loan officers cannot take the same course two years in a row. This doesn’t mean you cannot take courses with the same course provider year after year; it simply means you cannot take the same course. 

 

Mortgage Educators change its courses annually, so our students are never in violation of the Successive Year Rule.

 

**The deadline to complete CE in Florida is December 31. MLO’s in Florida are actually prevented from applying for license renewal until they have completed their CE.

 

Start Your Course Today

 

You can rely on Mortgage Educators to give you a great course every year, worry-free! Purchase your online course today!

 

 

 

Additional Questions?

Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your Florida mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.

 

 

 

 

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