MyMEC

Forgot your username?

Forgot your password?

 x 

Cart empty

 

 

Get Your Mortgage Loan Originator License in 2020!

 

 

Utah Pre-Licensing Courses

Card BackCard Front

Starting at: $779 Now Only $379!

Use Coupon Code: ANJ379

 

 

Add Utah Elective

Card BackCard Front

Now Only $149!

 

 

 

Utah Post-Licensure

Card BackCard Front

Starting at: $250 Now Only $69!

 

Post Licensure Course for Newly Licensed Utah Loan Originators

 

 

 

How to Get Your MLO Mortgage License in Utah

 

1. Apply for your NMLS Account and ID Number

The first step to getting your Utah 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

Utah requires new state-licensed MLOs to complete 35 hours of NMLS-approved education. This includes 3 hours of Federal law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, 12 hours of electives, and 15 hours of Utah specific law.

 

3. Pass the NMLS Mortgage Licensing Exam

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. Apply for your Utah 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.

 

5. 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.

 

6. Associate your NMLS Account with your Employer

You won’t be fully licensed in Utah 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.

 

Frequently Asked Questions

 

Utah Mortgage Licensing Requirements

Utah requires 35 hours of NMLS approved mortgage education, 15 hours of which must be a Utah state law and rules course. Mortgage Educators & Compliance offers both a 20 hour national course and the 15 hour state specific course in a low price bundle now only $379. This bundle also includes a comprehensive test prep package to help you score well on the NMLS National Test with UST component.

 

Pre-license mortgage education requirements can be fulfilled in one of three ways; with an online instructor-led course, via a live webinar, or in a live classroom. Mortgage Educators provides these courses in all three available formats. We find that the majority of new loan officers elect for the flexible Online Instructor-Led (OIL) format, which consists of pre-recorded video lectures supported by slideshow presentations, and quizzes that ensure content retention. As you complete your mortgage education, we will report all completed hours of education to the NMLS.

 

Utah Mortgage Broker License VS. Utah Loan Officer License

Mortgage broker licenses are commonly confused with the more common loan officer license. While the terms mortgage broker, loan officer, and mortgage loan originator are similar, they aren’t synonymous. So what’s the difference?

 

Generally speaking, a mortgage broker is a company that employs mortgage loan officers. The loan officers are employed by the broker to originate loans for home-buyers when they are looking for a loan for their mortgage.

 

PE Expiration Policy in Utah

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. Utah 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.

 

Cost of Getting Your License in Utah

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

 

$200 - License and Registration Fee

$30 - NMLS Processing Fee

$15 - Credit Report

$36.25 - Background Check

 

 

 

Additional Questions?

Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your Utah mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.

 

 

 

 

how to become a mortgage broker in utahUT MLO Education NMLS Approved Provider