Looking for answers to your mortgage questions?
MEC's new affiliate, Mortgage Moxie, is a help desk for MLOs looking for answers to their loan questions. Whether it is a step in the loan origination process or a term you are unfamiliar with, Mortgage Moxie is there for you! Mortgage Educators & Compliance is your go-to for your annual education, but when you need a quick answer to a quick question, Mortgage Moxie is your everyday resource!
Mortgage Moxie is a help desk service that is available to help guide you on your journey through the mortgage industry. Need help knowing how to structure a loan? Need to know what to do if a loan is falling apart? Want help growing your business? Mortgage Moxie is here to make sure you are the most prosperous mortgage loan originator you can be! Because you deserve it!
Reach the next level with Mortgage Moxie!
CLICK HERE TO VISIT MORTGAGE MOXIE
Get Your Mortgage Loan Originator License in 2024!
West Virginia Bundle
Starting at: $399 Now Only $279!
Use Promo Code: WVPEDEAL
Licensed in another state and want to add West Virginia?
Now Only $99.98!
Use Promo Code: WVPE99
Obtaining a mortgage license and becoming a West Virginia loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.
How to Get an NMLS Mortgage License in West Virginia
1. Fulfill all state and federal education requirements as designated by your state agency. (20+4 Hr WV)
2. Schedule, study for and pass your national mortgage exam.
3. Apply for the MLO License: Complete and submit your MU4 through the NMLS including, paying the licensing fee, completing a criminal background check and an authorized credit report.
West Virginia Frequently Asked Questions
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.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 10 Hours |
| West Virginia Specific Education | 4 Hours |
| Total 22 Hours | |
Although it hasn't been enacted yet, be on the lookout for the PE Expiration Policy in West Virginia. 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 West Virginia should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in West Virginia:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| West Virginia License Fee | $200 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $281.25 |
On an annual basis, West Virginia MLO license holders must complete 9 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| West Virginia Specific Education | 2 Hour |
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 West Virginia is November 1st. MLO's in West Virginia 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 West Virginia mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Get Your Mortgage Loan Originator License in 2024!
Missouri Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
Obtaining a mortgage license and becoming a mortgage loan originator involves a simple process in which you will need to complete your state-specific education requirements and take and pass a national exam. Once these two steps have been completed, you're well on your way to becoming a licensed Loan Originator!
How to Get an NMLS Mortgage License in Missouri
|
Step 1 |
Step 2 |
Step 3 |
||||||||
Create an NMLS Account |
Complete Your Missouri Pre-license Education |
Pass the NMLS Mortgage Licensing Test |
||||||||
To earn your Missouri mortgage license, start by applying for a Nationwide Multistate Licensing System (NMLS) account online. After you apply, you’ll receive your NMLS ID, which will become your permanent license number. |
The next step is to satisfy NMLS pre-licensure education (PE) course requirements. This involves completing the standard 20 hours of NMLS-approved education covering mortgage laws and procedures. |
After completing your education, it’s time to schedule your licensing examination. Get more information regarding the National Test Component exam by reading our guide. |
||||||||
Step 4 |
Step 5 |
Step 6 |
||||||||
Authorize a Background Check |
Apply for Your Missouri Mortgage License |
Associate Your NMLS Record with Your Employer |
||||||||
Once you’ve passed the NMLS mortgage licensing test, you’ll need to complete a background check and pay a few non-refundable fees. You must meet the requirement before submitting your application for a mortgage broker license in Missouri. Find out how you can request a background check here. |
After passing the NMLS exam, you can now apply for your Missouri NMLS license. Here’s a link to help you with this step. |
Before receiving your Missouri mortgage license, you’ll need to let the government know that you have employer sponsorship. Here’s how this works. |
Getting Your Mortgage License in Missouri
A Missouri mortgage license is not only your path to a fulfilling career but also a way to serve the community. If you’re willing to put in the time and effort, you'll soon be able to help others achieve their dreams of having their own property.
We’ll make earning your Missouri mortgage license easy and convenient. We offer great course bundles that meet Missouri’s education requirements, including an NMLS test prep course to help you succeed in the national exam.
Missouri Frequently Asked Questions
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.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
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 Missouri should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Missouri:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Missouri License Fee | $50 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $131.25 |
On an annual basis, Missouri MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Missouri Specific Education | 1 Hour |
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 Missouri is December 31st. MLO's in Missouri 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 Missouri mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.
Get Started on Your Missouri Mortgage License Today
Whether you need pre-licensing education or a CE course, Mortgage Educators is your one-stop online resource. Register for your course today!
Get Your Mortgage Loan Originator License in 2024!
Washington DC Pre-Licensing Bundle
Starting at: $399 Now Only $269!
Use Promo Code: DCPEDEAL
Licensed in another state and want to add Washington DC?
Now Only $59.98!
Use Promo Code: DCPE59
Obtaining a mortgage license and becoming a Washington DC loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.
Fortunately, Mortgage Educators is here to help. All of our curriculums are created and taught by industry experts with years of experience resulting in rewarding content to help you prepare to get your license and excel in your career as a Mortgage Loan Originator.
How to Get Your MLO Mortgage License in Washington DC
1. Apply for your NMLS Account and ID Number
The first step to getting your Washington DC 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
Washington DC requires new state-licensed MLOs 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, 9 hours of electives, and 3 hours of Washington DC specific law.
3. Pass the NMLS Mortgage Licensing Exam with 75% or Better
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 exam here.
4. Complete Background Checks and Pay All Fees
To finalize your application and receive your license, you’ll need to pay several non-refundable fees and get a background check. Find out more about how to complete your background check and fingerprints here.
5. Apply for your Washington DC Mortgage License
After receiving a passing score on your NMLS mortgage exam, you need to apply for your NMLS license. You can find more information on this step here.
6. Associate your NMLS Account with your Employer
You won’t be fully licensed in Washington DC 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.
Washington DC Frequently Asked Questions
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.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 9 Hours |
| DC Specific Electives | 3 Hours |
| Total 20 Hours | |
Allthough it is not currently being enforced, be on the lookout for the PE Expiration Policy that's coming. 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 Washington DC should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Washington DC:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Washington DC License Fee | $300 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $381.25 |
On an annual basis, Washington DC MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Washington DC Specific Education | 1 Hour |
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 Washington DC is November 1st. MLO's in Washington DC 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 Washington DC mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Get Your Mortgage Loan Originator License in 2024!
Kentucky Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Kentucky
Getting your license to become a mortgage loan originator is a smart career move. You will play a pivotal role in a key sector of the economy. You can also enjoy a lot of work freedom. These steps will help you through the process of obtaining your Kentucky MLO license.
1. Apply to Get an NMLS Account and ID Number
To start the process of getting your Kentucky MLO license, you first need to apply for an NMLS account and associated ID number. To do so, go to the NMLS website.
2. Complete the Required NMLS Licensure Education
You will need to complete the 20 hours of pre-licensure education required in Kentucky.
3. Need to Pass Your NMLS Exam for Kentucky
Once you have your pre-licensure education complete, you need to pass the NMLS exam. Learn more about this requirement here.
4. Get a Background Check and Pay Your Licensing Fees
After the work of passing your licensing test is done, you will need to pay the necessary fees and pass a background check. The steps for doing so can be found here.
5. Apply to Get Your Kentucky Mortgage License
At this point, you will apply for your mortgage license in Kentucky. You can find the steps for this here.
6. Get Your NMLS Number Associated with Your Employer
You will then need to associate your NMLS number with your new employer. Until then, your account is in a pending state. Find out how to do that here.
Why Getting Your Kentucky Mortgage License Is a Good Move
It takes dedication to get your mortgage license in Kentucky, but you will be glad you did. A career as a mortgage loan originator is a rewarding one. You play a key role in a major part of our economy and in the lives of homebuyers.
Working as a mortgage loan originator offers you a great career path with plenty of benefits. You enjoy financial freedom as well as flexibility in your work. The financial independence of an MLO career is just a license away.
Mortgage Educators can help you prepare for your license exam with our pre-license education course bundles. We make the process as straightforward as possible.
Kentucky Frequently Asked Questions
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.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
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. 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 Kentucky should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Kentucky:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Kentucky Application Fee | $50 |
| Total License Cost | $131.25 |
On an annual basis, Kentucky MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Kentucky Specific Education | 1 Hour |
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 Kentucky is November 30th. MLO's in Kentucky 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 Kentucky mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
