Get Your Mortgage Loan Originator License in 2024!
Kansas Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Kansas
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Step 1 |
Step 2 |
Step 3 |
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Create an NMLS Account and ID Number Online |
Take Your Pre-License Courses |
Schedule and Pass the NMLS National Exam |
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Start the process by setting up your own online NMLS account so that you can be issued an ID number. This will be the account you use for the remaining steps. |
Learn everything you can from your 20 hours of Kansas mortgage license classes. This consists of taking a total of 20 hours of NMLS-approved education on mortgage loan origination topics. |
Quickly sign up to take the National Test Component exam for your Kansas MLO license and schedule an exam time. |
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Step 4 |
Step 5 |
Step 6 |
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Initiate Criminal Background and Credit Checks |
Turn in Your Kansas Mortgage License Form |
Add Your Sponsoring Employer to Your NMLS Account |
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Once you pass your exam, you need to also pass a background check and a credit check. |
Download the application, and go through one section at a time, making sure all requirements are complete before submitting your form. |
Find the portion of your NMLS online account where you add your employer information. Use these steps. Your license will not be active until you complete this. |
Start a Satisfying Career With a Kansas Mortgage License
Becoming an MLO in Kansas is quite a process, but it will end with you in a rare career position. You’ll be able to earn as much as you want by working hard. You’ll be more respected in your community. And you’ll see how your work directly improves lives.
Are you willing to get your classes done and check off all the steps above? It will take that type of discipline to be a good mortgage officer, anyway, so get started today. A package deal of classes and practice tests from Mortgage Educators can get you on the path. But only your drive and fire will get you to the end goal.
Kansas 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 Kansas should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Kansas:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
On an annual basis, Kansas 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 Kansas is December 1st. MLO's in Kansas are actually prevented from applying for license renewal until they have completed their CE.
Also, you'll have to pay a renewal fee of $50.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Kansas mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at [email protected].
