MyMEC

Forgot your username?

Forgot your password?

 x 

Cart empty

 

How to Get Your (MLO) Mortgage License in New Jersey

 

1. Fulfill all state and federal education requirements as designated by your state agency. (16+4 hr NJ)

 

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.

  

20-Hour Course Bundle For Your NMLS License in New Jersey

This course bundle provides new loan officers with their NMLS license in New Jersey.

Now For Only $399 $279

Use Coupon Code: NJPE279

NJ 20 4 BUNDLE

  

4 Hour Laws & Rules New Jersey Mortgage License Course

Already licensed in another state? Get licensed in New Jersey today!

Now For Only: $79.98 

Use Coupon Code: NJPE69

NJ 4 HR

 

 

Why You Should Get Your New Jersey Mortgage License

With a New Jersey mortgage license, the doors to a long and fruitful career are opened up to you. Loan officers have many options available, and a career as a mortgage loan officer can be lucrative, flexible, and rewarding. The career path to become a Mortgage loan officer starts by getting your NMLS License. With Mortgage Educators you’ll get industry-leading materials to prepare you for a long and fruitful career.

 

New Jersey Mortgage Education Licensing Requirements

To become licensed as a mortgage loan officer in the state of New Jersey, you must complete 20 hours of national mortgage education courses. While some other states require additional hours of mortgage education, New Jersey does not have any additional requirements. Upon completing the 20 hours of national education requirements, you will need to pass the NMLS national exam to receive your NMLS License in New Jersey.

New license mortgage education, sometimes referred to as “pre-license education”, can be completed in one of three ways. Mortgage education courses can be completed in an Online-Instructor Led (OIL) format, in a live classroom setting, or via a live webinar. Most new loan officers elect to complete their education requirements through an online course bundle, like those shown above. However, Mortgage Educators also offers live webinars, and some live classes to best satisfy your needs. As you complete your hours of mortgage education requirements, Mortgage Educators will report all hours to the NMLS. 

 

For further information about ordering your New Jersey mortgage licensing classes, call (801) 676-2520.

 

PE Expiration Policy in New Jersey

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. New Jersey is currently in pending enactment for the PE Expiration policy which means the policy is currently not enforced, but it will be rolled out soon.

 

 

Do I Need A New Jersey Mortgage Broker License or Loan Officer License?

Many individuals who are just entering the Jersey mortgage loan industry are under the impression that they need to obtain their New Jersey mortgage broker license. However, this isn’t the only option available and most people instead get their mortgage loan officer license. So, what’s the difference, and which should you get?

The terms “mortgage broker”, “loan originator” and “loan officer” are similar, but not synonymously. Essentially, loan officers are employed by a mortgage broker. As a loan officer, it will be your responsibility to provide new home buyers with a mortgage loan. If this sounds like your ideal future career, order the New Jersey mortgage education course bundle shown above!

 

Additional Questions?

We are excited to help you with every aspect of your mortgage education. For help determining which product is best for you, or for further information, please call us or send us an email today!

 

Call Us ButtonEmail Us Button