Get Your Mortgage Loan Originator License in 2023!

 

 

Texas Pre-Licensing Bundle

Starting at: $399 Now Only $269!

Use Promo Code: TXPE269

 

 

Licensed in another state and want to add Texas?

Now Only $74.98!

Use Promo Code: TXPE75

 

 

Additional General Electives

Texas requires 20 hours of general elective that cannot be fulfilled using any other state specific electives. For your convenience, MEC offers both a 2 hour and 4 hour general elective course to fulfill the required education.

 

 

 

 

 

 

How to Get an NMLS Mortgage License in Texas

 Learn how to become a mortgage loan officer and get your NMLS license in Texas with this guide. There are six main steps you need to follow as well as information regarding costs, education, and other requirements.

	Step 1				Step 2				Step 3
	Apply For Your NMLS Account and ID Number				Complete Your NMLS Pre-License Education				Need to Pass the NMLS Mortgage Licensing Exam
	The first step in obtaining your Texas mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website.				Once you’ve created your NMLS account, it’s time to complete your pre-license education. Texas requires 23 hours (20 hours & 3 hours elective) SAFE pre licensure education.				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 test here. Also check out the NMLS MLO testing handbook.
	Step 4				Step 5				Step 6
	Complete Background Checks and Pay All Fees				Apply for Your Texas 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 Texas SML mortgage loan originator license. You can find more information on this step here.				Your license will still be pending in Texas 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.

 

Becoming a Mortgage Loan Originator in Texas

We’ll be honest, getting your MLO license takes determination and dedication. You must pay close attention during instruction, study hard and prepare thoroughly for the exam, and then keep up with continuing education requirements because regulations in lending can change dramatically.

 

But once you have that license, not only can you have a lucrative career, you can help people’s home dreams come true as you help them buy, rehab, remodel, and renew the house of their dreams.

 

Texas Mortgage License Education Requirements

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.

 

Mortgage license requirements in Texas only require 23 total hours of instruction. NMLS requires 20 hours comprised of:

 

• 3 hours of Federal law and regulations

• 3 hours of ethics, fraud, consumer protection, and fair lending issues

• 2 hours of non-traditional lending

• 10 hours of undefined instruction (electives)

• 2 hours of Texas state law education

 

The remaining 3 hours must discuss Texas state-specific law. The MEC Texas 3-Hour Elective course is a self-paced online course that covers:

 

• Home Equity Loan Law

• Reverse Mortgage Law

• Judicial vs. Non-Judicial Foreclosure

• Texas Savings and Mortgage Lending Department

 

You can save money by bundling all 23 hours of required instruction. Just use the Promo Code at checkout.

 

 

What’s the Difference Between a Texas Mortgage Broker License and a Texas Loan Officer License?

As an MLO in Texas, you are considered a loan officer. With a Texas Loan Officer license, you can take a residential loan application and offer or negotiate terms of the loan with the employer with which you have an established relationship.

 

With a mortgage broker license, you are the conduit between residential loan applicants and any number of different lenders.

 

What’s the Cost of Getting Your Mortgage License in Texas?

Learning how to become a mortgage loan officer in Texas takes time and money. There are several steps you must take in registering and applying. The SAFE act has established licensing and registration standards for every Mortgage Loan Originator. If you’re looking to get your Texas MLO certification, you will have to do the following and pay all associated fees: 

 

Request	Fee	Required
NMLS Initial Processing	$30	Yes
FBI CBC (Background Check)	$36.25	Yes
Credit Report	$15	Yes
TX-OCCC Application	-	OCCC License Only
TX-OCCC License/Registration	$225 (Includes a $25 non-refundable recovery fund fee)	Yes
TX-SML Application	$190	SML License Only
National Exam	$110	Yes

 

While it is not required, you should definitely consider investing in exam prep materials or classes and study guides and aids.

 

 

PE Expiration Policy in Texas

A Pre-License Education (PE) Expiration was instituted by the NMLS. If an individual fails to acquire a valid mortgage license within three years of their last licensure, they must retake the 20 hours of PE.

 

 

Texas Continuing Education Requirements

On an annual basis, Texas MLO license holders must complete 8 hours of Comprehensive Continuing Education that must cover:

 

• 3 hours on relevant federal regulations and law

• 2 hours of ethics, including consumer protection, fair lending, and fraud

• 2 hours of non-traditional mortgage lending

• 1 hour elective on mortgage origination

 

Let’s Get Started

 

The beginning of your new career as a Mortgage Loan Originator in Texas is just a couple of clicks away. Register for our bundled 20+3 Hour Texas course today. Don’t forget about the Test Prep Ultimate Package. It will be worth the investment!

 

 

 

 

Additional Questions?

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