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How to Get Your (MLO) Mortgage License in Georgia

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!

1. Create your NMLS Account
Head to the NMLS website to get started with the process of applying for your mortgage loan originator license in Georgia. You’ll first need to click “Log In to NMLS,” then press “Request” and “Account.” Pick the individual account and wait for the confirmation message, which will give you your username and ID number.

2. Enroll in NMLS Pre-License Education
Now you need to take your pre-license education, which will prepare you for the NMLS licensing exam. Georgia requires a 20-hour SAFE pre-licensure education course, which is instructor-led and can be completed online.

3. Schedule and take the NMLS Georgia Mortgage Licensing Exam
The next step in getting your mortgage license in Georgia is to take the National Test Component exam, made up of 125 questions that need to be completed in 190 minutes or less. You’ll need a passing score before you can move on to the next step. Learn more about taking the NMLS exam here.

4. Apply for your Mortgage Loan Originator License in Georgia
Once you’ve achieved a passing score on the exam, you need to apply for your NMLS license by following these steps:

  • Go to your NMLS account and log in.
  • Find the filing tab at the top of the website.
  • Click the individual option.
  • Press Request/New Update. Click continue.
  • Press the Add button.
  • Choose the Georgia license and click Next.
  • Select the Georgia Mortgage Loan Originator License and click Next.
  • Make sure all details are correct and press Next.
  • Review the final page and click Finish.

5. Pay fees and get a background check
Next you need to pay for the following non-refundable fees. Once your application is approved, you will receive an invoice for these fees via NMLS:

 

  • Processing fee
  • Credit report fee
  • Background check fee
  • Application fee

 

Get more details about the background check and fingerprints process here.

 

6. Link your NMLS account with your employer.
Once you’re hired and have a sponsor for your license, you need to link your NMLS account with your employer so the government knows that someone is supervising your individual license. After this is done, you’ll have an active mortgage license in Georgia. Find out how to link your NMLS account with your employer here.

 

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This bundle includes the National pre-license education course and National Test Prep for the discounted rate of $349 $239
Use Coupon Discount Code: 20PEDEAL 

 

For questions about ordering or other information, call (801) 676-2520

 

Mortgage Broker vs. Mortgage Loan Originator/Officer – What’s the difference?

Mortgage brokers and mortgage loan originators/officers are often confused with each other. Because of this, most people looking to get a mortgage broker license are actually looking for a mortgage loan originator license. So what is the difference?

 

Generally speaking, a mortgage broker is a company that employs mortgage loan originators (the term "loan officer" is used interchangeably). The loan originators are employed by the broker to originate loans for home buyers when they are looking to obtain a residential mortgage.

 

Georgia Mortgage License Education Requirements

Each state requires a minimum of 20 hours of NMLS approved mortgage education. Mortgage Educators & Compliance offers the National course with a National SAFE test prep in a low price bundle of $239 that includes a comprehensive test prep to help you score well on the NMLS National Test with UST component. 

 

New mortgage license education or "pre-license education" must be completed in either a live classroom or online instructor-led format. Mortgage Educators & Compliance provides these courses weekly in an Online Instructor-Led (OIL) format. The courses are presented by instructors via pre-recorded video with slideshow presentations. Courses are broken up into chapters comprised of 5 minute sections and quizzes that make up the overall content. At the end of the course, students should expect a short test to check for comprehension. All hours are reported to the NMLS upon completion by Mortgage Educators & Compliance.

 

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
  • 12 hours of undefined instruction (electives)

 

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

 

Georgia Mortgage License Continuing Education Requirements

Mortgage Loan Originators are required to complete 8 hours of Continuing Education which include:

 

  • 8-hour Continuing Education course

 

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.

 

PE Expiration Policy in Georgia

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. PE Expiration policy is enacted in Georgia which means the policy is now enforced.

 

Cost of Getting your Mortgage License in Georgia

When you’re ready to get your NMLS license in Georgia, be prepared to pay the following fees:

 

  • Total License Cost: $100
  • Processing Fee: $30
  • Credit Report: $15
  • Background Check: $36.25

 

 

Additional questions?

Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your Georgia 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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