Every state has a unique set of Nationwide Multistate Licensing (NMLS) requirements concerning mortgage education. New mortgage loan originitators are required to complete a 20-hour NMLS course, which is standard across the country. Additionally, the state of Utah requires a state specific 15-hour course on laws, rules, and regulations. Obtaining a Utah mortgage loan originator License requires 35 total hours of pre-license education.

New Mortgage License Education does not count toward annual CE credits. MLOs are also advised to not retake any 20-hour new license education course unless otherwise directed by a state regulator.

Although it hasn't been enacted, be on the look out for the PE expiration policy coming soon. It states - If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework to keep an active license status. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.

Mortgage broker licenses are commonly confused with the more common loan officer license. While the terms mortgage broker, loan officer, and mortgage loan originator are similar, they aren’t synonymous. So what’s the difference?
Generally speaking, a mortgage broker is a mortgage company that employs mortgage loan officers. The loan officers are employed by the broker to originate mortgage loans for home-buyers when they are looking for a loan for a mortgage loan.

Learning how to become a mortgage loan officer in Utah takes time and money. There are several steps you must take in registering and applying. The SAFE act has established licensing and registration standards for every Mortgage Loan Originator. If you’re looking to get your Utah MLO certification, you will have to do the following and pay all associated fees:

On an annual basis, the Utah Division of Real Estate requires that Utah MLO's must take 8 (9 if DRE) total hours of Comprehensive Continuing Education that must cover:

Remember to take into account the "successive years" rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure no issues with the "successive years" rule.

You can also apply to become a principal lending manager (PLM). In order to meet the minimum qualifications for becoming a Principal Lending Manager in Utah, you have to meet additional professional and educational requirements to apply. These include mortgage lending experience, passing a Utah PLM-specific test, and completing a 40-hour PLM course in addition to all the individual MLO requirements. You will need to complete the MU4 Form in NMLS with the PLM designation selective on the application process and the company you are affiliated with will need to sponsor you for an approved and active license. If becoming a PLM sparks your interest, check out our NEW 40 Hour Utah DRE Principal Lending Manager Self - Study Course through the link below!
2023 Utah DRE Principal Lending Manager 40 Hour Self-Study Course

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

In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.

Although it's not currently being enforced, be on the lookout for the PE Expiration policy coming to Ohio. It states - If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.

A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.

Earning your mortgage broker license in Ohio should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Ohio:

On an annual basis, Ohio MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:

Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Ohio is December 31st. MLO's in Ohio are actually prevented from applying for license renewal until they have completed their CE.

Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Ohio mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.

In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.

Although it hasn't been enacted yet, be on the lookout for the PE Expiration Policy in Mississippi. Is states - If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.

A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.

Earning your mortgage broker license in Mississippi should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Mississippi:

On an annual basis, Mississippi MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:

Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Mississippi is December 31st. MLO's in Mississippi are actually prevented from applying for license renewal until they have completed their CE.

Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Mississippi mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.