Get Your Mortgage Loan Originator License in 2024!
Michigan Pre-Licensing Bundle
Starting at: $399 Now Only $259!
Use Promo Code: MIPEDEAL
Licensed in another state and want to add Michigan?
Now Only $49.98!
Use Promo Code: MIPE49
How to Get an NMLS Mortgage License in Michigan
1. Apply for Your NMLS Account and ID Number
The first step to obtaining your Michigan 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, it’s time to complete your pre-license education. Michigan requires hours (18 hours & 2 hours elective) SAFE pre-licensure education.
3. Need to Pass the SAFE NMLS Mortgage Licensing Test
With your education complete, you need to schedule an appointment for the National Test Component exam and take the NMLS test. 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 complete a background check. Find out more about how to complete your background check and fingerprints here.
5. Apply for your Michigan Mortgage License
After receiving a passing score on your NMLS exam, you need to apply for your Michigan 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 Michigan 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.
Earn Your Mortgage License in Michigan
Are you someone who has strong social skills, self-discipline, and a commitment to learning? If so, getting a mortgage license in Michigan could launch you into a satisfying and rewarding career. By studying your coursework and passing your exam, you will be well on your way to becoming a successful MLO in Michigan. Mortgage Educators & Compliance is here to help you reach your goals. We make the process of completing your prerequisites streamlined and simple, so you can focus on passing the National NMLS license exam.
Michigan 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 |
| Michigan Specific Electives | 2 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 Michigan should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Michigan:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Michigan Application Fee | $75 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $156.25 |
On an annual basis, Michigan 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 |
| Undefined Elective | 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 Michigan is December 31st. MLO's in Michigan 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 Michigan 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!
Oregon Pre-Licensing Bundle
Starting at: $399 Now Only $279!
Use Promo Code: ORPE279
Licensed in another state and want to add Oregon?
Now Only $99.98!
Use Promo Code: ORPE99
How to Get an NMLS Mortgage License in Oregon
1. Apply for your NMLS Account and ID Number
The first step to obtaining your Oregon 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
To receive a new Oregon loan officer license, you must finish 16 hours of general NMLS-approved instruction and 4 hours of Oregon electives for a total of 20 hours of education.
3. Need to Pass Your NMLS Mortgage Licensing Test
With your education complete, you need to schedule an appointment for the NMLS Mortgage licensing test. 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 Oregon Mortgage Loan Originator License
After receiving a passing score on your NMLS exam, you need to apply for your Oregon mortgage loan originator license. You can find more information on this step here.
6. Associate your NMLS Account with your Employer
Your license will still be pending in Oregon 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.
Earn Your Oregon Mortgage License With Mortgage Educators
Imagine having a career in which you meet new, interesting, successful people every day. You help them navigate a crucial aspect of their lives: purchasing property. If you have a social temperament and a passion for learning, you can have a fascinating career as a Mortgage Loan Originator (MLO).
Completing the steps for getting your license can be a significant hurdle, but Mortgage Educators can make it simple. Our education bundle can take you through the 20 hours of required instruction for Oregon. You can even take a test preparation class that will ensure you’re ready for the exam. We are dedicated to helping you start your rewarding MLO career.
Oregon 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.
Four elective hours must cover Oregon specific regulations and laws. Mortgage Educators includes all of this bundled together, making it easy to keep track of your educational progress.
| 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 | 8 Hours |
| Oregon Specific Law | 4 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 Oregon should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Oregon:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Oregon License Fee | $80 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $161.25 |
On an annual basis, Oregon MLO license holders must complete 10 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 |
| General Electiv | 1 Hour |
| Oregon Specific Education | 2 Hours |
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 Oregon is December 31st. MLO's in Oregon are actually prevented from applying for license renewal until they have completed their CE.
You'll also need to pay the following fees.
-
Renewal Fee - $60
-
Processing Fee - $30
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Oregon mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.
Start Your Oregon Mortgage Courses Today
Conveniently complete your NMLS education requirements with Mortgage Educators. Get a pre-license education bundle or continuing education course.
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Lou Filippo Referral - Open Mortgage
MEC is partnering with Louis Filippo to offer students specialdiscounts on all of our Pre-Licensing and Continuing Education online classes.
Louis is and is an active Mortgage Loan Officer for Open Mortgage.He has been in the mortgage industry for over 25 years and is still practicing to this day.
SPECIAL LOU FILIPPO $299 NEVADA 20+10 PRICING *CLICK HERE* TO ORDER - Coupon code ANJ465
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New License 20 Hour
Need a license? Your first step is to take the NMLS 20 hour SAFE course and pass the national exam.
Normally $349.00 ATS Price $209.40 (includes NMLS banking fee and test prep)
Use coupon code at checkout.
LOU11
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State PE ElectivesWant to get a license in another state? Some states require additional specific courses that need to be completed.
MEC offers these courses in an online instructor led format for ALL STATES.
Use coupon code at checkout!
LOU11 |
8 Hr NMLS CE CourseNew 8 Hour Online NMLS CE at our special discounted rate of Only $45
Additional State Electives Only $9*USE CODE "FILIPPOCE"
Limited Time Offer!
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Pre-Licensing EducationThe NMLS requires all licensed MLO's to take a minimum of 20 hours of pre-licensing education in order to obtain a license, as well as any state-required electives.Need more information about obtaining a license? Visit our New MLO Licensing Guide |
2024 Continuing EducationThe NMLS requires all licensed MLO's to take a minimum of 8 hours of continuing education each year, as well as any state-required electives.We offer continuing education in a variety of formats. |
 
*20 Hr Online $185.98 & State Pre-Licensing bundles for $16.98 per credit hour* |
 
2024 Continuing Education Now Available! |
 
*Already have a license and need to add another state?: $16.98 per credit hour* |
 
*Didn't take CE last year?$64.98 National 8 Hr. State electives may vary.**We recommend calling the NMLS to see what may be required to reactivate your license.* |
 
*Want a live instructor, but from the comfort of your own home? 20 Hr Live Webinar $205.98 Limited Classes* |
 
$17.98 Per Credit Hour.*We recommend calling the NMLS to see what may be required to reactivate your license.* |
 
Includes 40 Hour Course and Test Prep!
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*$75 Ultimate Test Prep w/ MEC Pass+* |
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To enroll over the phone or for live classes, please contact us at 877-403-1428. Mortgage Educators and Compliance is excited to offer United Wholesale Mortgage these incredible offers for NMLS-approved education. Limited time offer. |
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SPECIAL DISCOUNTED RATES FOR Alterra Group LLC FOR NMLS APPROVED PRE-LICENSE AND CONTINUING MORTGAGE EDUCATION THROUGH MEC
Interested in holding a private class for your branch? Prices as low as $79.98 per person Contact Jason Carroll: (801-243-5409) or email jason@mortgageeducators.com
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New License 20 HrNeed a license? Your first step is to take the NMLS 20 hour SAFE course and pass the national exam.
Normally $349 Alterra Group LLC $180 (includes NMLS banking fee and test prep)
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State PE ElectivesWant to get a license in another state? Some states require additional specific courses that need to be completed.
MEC offers these courses in a online instructor led format for ALL STATES. Starting at $25 $15 per credit hour - simply select the state and start date.
Want to complete your CE in a Live classroom setting? Click the link below and use coupon code "LOAN2" at checkout for select Live courses.
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8 Hour Online NMLS has officially concluded for 2019.
IF you still need to complete CE for 2019, please use the link below to enroll with our affiliate.
If you need additional state CE electives use our affiliate link below.
Additional State CE Elective Order Link
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To order over the phone 801-243-5409 |
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Mortgage Educators and Compliance is excited to offer Alterra Group LLC these incredible offers for NMLS approved pre-license and continuing education. Restrictions apply. Limited time offer.
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