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Get Your Mortgage Loan Originator License in 2021!

 

 

Tennessee Education Bundle

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Starting at: $399 Now Only $259!

Use Promo Code: TNPEDEAL

 

 

Licensed in another state and want to add Tennessee?

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Now Only $39.98!

Use Promo Code: TNPE39

 

 

How to Get Your Mortgage License in Tennessee

 

 

Step 1

     

Step 2

     

Step 3

 
 

Apply For Your NMLS Account and ID Number

     

Complete Your NMLS Pre-License Education

     

Need to Pass the SAFE MLO National Test

 
 

The first step to obtaining your Tennessee mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website.

     

To get a Tennessee mortgage license, take the required 20 (18+2) hours of classes, including 2 hours of Tennessee-focused electives and 18 hours of general mortgage education.

     

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.

 
 

Step 4

     

Step 5

     

Step 6

 
 

Complete Background Checks and Pay All Fees

     

Apply for Your Tennessee Mortgage License

     

Associate Your NMLS Account with Your Employer

 
 

To finalize your application and receive your license, you will need to pay several non-refundable fees and get a background check. Find out more about how to complete your background check here.

     

After receiving a passing score on your NMLS mortgage exam, you need to apply for your Tennessee NMLS license. You can find more information on this step here.

 

     

Your license will still be pending in Tennessee until you have an employer sponsorship, which lets the government know that an employer is supervising your license. Learn how to associate your NMLS account with your employer here.

 

 

The Value of a Tennessee Mortgage License

What do you want out of a career? If you’re like others who hold an NMLS license in Tennessee, you want to have a significant impact on people in your community and state. You want to serve them in something important: making the largest purchase of their lives. If you have a sociable personality and a love of learning, your career will be filled with variety, excitement, and passion.

 

But how do you get through the process and complete every detail? Mortgage Educators has guided many others like you to an NMLS license. Our education bundles—taking you through your combined 20 hours of test-preparation classes—and practice tests simplify the process and get you ready for your exam. We are committed to helping you start your career as quickly and efficiently as you can.

 

 

Tennessee Mortgage License Education Requirements

You will need to show that you have completed the following before you take your Tennessee mortgage license exam:

 

- 2 hours on Tennessee mortgage law

- 3 hours on Federal mortgage law and regulations

- 3 hours on issues surrounding fraud, fair lending, consumer protection, and ethics

- 2 hours on non-traditional mortgage origination

- 10 hours on elective subjects to complete your 20 hours

 

 

What's the Difference Between a Tennessee Mortgage Broker License and a Tennessee Loan Officer License?

If you are starting your career, you most likely will pursue a loan officer license or mortgage license. This covers you as an individual loan producer. In contrast, a mortgage broker license is used by an organization that employs individual producers.

 

Cost of Getting Your Mortgage License in Tennessee

Your investment in fees for this lucrative opportunity will include:

 

- TN License and Registration Fee: $100

- TN Application Fee: $100

- NMLS Initial Processing Fee: $30

- Credit Report: $15

- FBI Criminal Background Check: $36.25

 

 

PE Expiration Policy in Tennessee

 

The PE expiration policy protects consumers from loan officers with out-of-date education. This policy, which is now being enforced in Tennessee, states that you must retake your 20 hours of required classes if you either:

 

1. Did not apply for your license within 3 years of taking your classes OR

2. Stopped working as a loan officer for 3 years or longer and wish to return

 

Tennessee Continuing Education Requirements

 

Your NMLS license in Tennessee must be renewed each year to be valid. The application deadline is December 31, but TN recommends turning in your renewal application by November 1, along with a renewal fee of $100.

 

Your education requirements include 8 hours of classes, split between:

 

- 3 hours on Federal regulations

- 2 hours on ethics

- 2 hours on non-standard loans

- 1 hour on electives (no TN-focused hours required)

 

If you have not completed a criminal background check in the last 3 years, you must apply for a new one. If you have not completed an NMLS credit report for 3 years, you must also authorize a new report.

 

As long as you complete and submit your application by December 31, you are authorized to work on January 1, even if your license application is still pending. However, it is wise to send in your application by November 1.

 

Get Your Tennessee Mortgage License with Mortgage Educators

Are you excited about serving your community in Tennessee as a loan officer? Then take advantage of our special education bundle that will help you get your pre-license courses completed quickly. Gain the knowledge you need with Mortgage Educators today!

 

 

Additional Questions?

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

 

 

 

 

Tennessee Mortgage Education Pre-Licensing