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Get Your Mortgage Loan Originator License in 2021!

 

 

South Carolina Bundle

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Starting at: $399 Now Only $269!

Use Promo Code: SC31PE

 

 

Add South Carolina Elective

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Now Only $59!

Use Promo Code: SCPE59

 

 

 

Obtaining a mortgage license and becoming a South Carolina loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.

 

How to Get Your MLO Mortgage License in South Carolina

 

1. Fulfill all state and federal education requirements as designated by your state agency. (17+3 Hr SC)

 

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.

 

 

Mortgage Broker vs. Mortgage Loan Officer: What's the Difference?

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.

 

So what kind of courses do I need to do to get started on my license?

South Carolina requires 20 hours of mortgage education, and a 3 hour South Carolina state law course. Mortgage Educators & Compliance offers the 20 hour, the 3 hour, and test prep all in a low price bundle of $269. The test prep course is given to help you score well on the NMLS national test.

 

New mortgage license education, or "pre-license education" must be completed in either a live classroom or online instructor-led format. Mortgage Educators & Compliance provides these courses weekly in an Online Instructor-Led (OIL) format. These courses are presented by instructors via pre-recorded video with slideshow presentations. Courses are broken up into chapters comprised of 5 minute sections and quizzes that make up the overall content. At the end of the course, students should expect a short test to check for comprehension. All hours are reported to the NMLS upon completion by Mortgage Educators & Compliance.

 

 

 

Additional Questions?

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

 

 

 

 

 

South Carolina Mortgage Education Pre-Licensing  

 

 

What is the School of LOC?

 

After nearly a decade working within the mortgage industry, Josh has cultivated a coaching program with today's LO in mind. Focused on accountability, Josh allows his clients to grow at a sustainable rate, while placing the emphasis not just on growing your pipeline but on looking at every lead as a future closing.

 

 

 

 Click Here to go to School of LOC's website and sign up for a free consultation TODAY!

  Key Realty School and MEC are excited to be providing

you with great discounts for all of your MLO education needs!

 

                            

 

Click the links below to enroll at a steeply discounted rate!  

Pre-Licensing Education

The NMLS requires all licensed MLO's to take a minimum of 20 hours of pre-licensing education in order to obtain a license, as well as any state-required electives.

 

Need more information about obtaining a license? Visit our New MLO Licensing Guide

Continuing Education

The NMLS requires all licensed MLO's to take a minimum of 8 hours of continuing education each year, as well as any state-required electives. 

 

We offer continuing education in a variety of formats. 

 

*New to the industry? Coupon Code: KeyPE*

*Available now!* 

*Just need the NV Pre-Licensing State Specific? $109.98 *

 

*Want a live instructor, but from the comfort of your own home? Limited Classes*

 *PE Live Classroom instructions are limited*

 

 

*CE Live Classroom instructions are limited*

 

*Choose from our Test Prep Pro and Tutoring options.*

 

*$59.98  8 Hour National Late CE*

 

 

To enroll over the phone or for live classes,

please contact your account rep directly.

Anthony Johnson (801) 676-2529

Anthony@mortgageeducators.com

 

Limited time. Restrictions may apply.

 

 

 

 

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 MORTGAGE LICENSE RENEWAL RESOURCE PAGE 

 

INDIVIDUAL RENEWAL Each individual mortgage loan originator (MLO) must renew their license in NMLS between November 1st and December 31st of each year.

 

Individuals can complete the renewal process themselves, or their company can complete the renewal process on their behalf. Individuals are responsible for submitting and paying for their renewal request when they have un-sponsored licenses or when their company has instructed them to do so. Individuals should check with their sponsoring company to determine who will facilitate the renewal process.

 

 DOWNLOAD OUR FREE DEADLINE WEBINAR ON HOW TO GET NEW REALTORS HERE 

 

The following steps describe how to attest to and pay for your individual license renewal request in NMLS.

 

Attest to and Pay for Your Individual Renewal

 

1. Consult the Streamlined Annual Renewals page on the NMLS Resource Center to determine all renewal requirements (uniform checklist, Criminal Background Check (CBC)/Credit Report (CR) requirements, Continuing Education (CE) requirements, deadlines, and fees).

 

2. Log in to your NMLS Account.

 

3. Click the Renewals tab.

 

4. Click the Attest and Pay button

 

Quick link on how to renew the license in 2017 

 

 

Form Filing

Instructions for individuals creating an Individual (MU4) Form filing to submit to a regulator.
 
Provides individuals with instructions and guidelines for completing and attesting to their Individual (MU2) Form.
 
Instructions with screen shots for individuals submitting an MU4 Filing to a regulator.
 
Instructions for completing the criminal background check process as an MU2 individual.
 
Instruction for MU2 Individuals (control persons) that need to submit a credit report through NMLS.
 
Process for changing your employer in NMLS.
 
Instructions for uploading documents to the Individual (MU2/MU4) Forms.
 
How to provide explanations to "yes" or "no" responses, amend or delete existing explanations to disclosure questions.
 
Guidance regarding the types of documents regulators generally expect individuals to upload as part of a disclosure explanation on an Individual Form.
 
Walks the MLO through credit report submission, when the MLO, and not their company, will be paying for the submission.
 
How individuals attest that their Individual (MU2/MU4) Form is up to date and accurate.
 
How to make amendments to your Individual (MU4) Form.
 
How to review license status and deficiencies.
 
Instructions to surrender or withdraw an individual's license through NMLS.
 
This guide will walk you through the steps you must take in order to sign a Surety Bond or Bond Rider.
 

 

MORE UPDATES - Visit and like us on FACEBOOK 

 

CALL US 877.403.1428 or visit our website www.MortgageEducators.com

 

License Requirements Page

 

Maryland Mortgage License Education with Mortgage Educators

As a result of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) of 2008, mortgage loan originators are required to complete a set list of requirements of both education and application in order to obtain a license to operate in their state. Below is a list of the requirements set forth by the SAFE Act and the state of Maryland for new loan officers applying for mortgage licenses:
  

Maryland New Mortgage License Education Requirements

New Maryland licensed Mortgage Loan Originators are required to complete a 20 hour SAFE pre-licensure education course that includes:

 

  • 3 hours of Federal law and regulations
  • 3 hours of ethics, fraud, consumer protection, and fair lending issues
  • 2 hours of non-traditional mortgage lending
  • 7 hours of undefined instruction (electives)
  • 5 hours of Maryland state law education


New Mortgage License Education does not count towards annual CE credits. MLO's are also advised to not retake any 20 hour new license education course unless otherwise directed by a state regulator.

 

 

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The NMLS-approved All-In-One bundle for new loan officers!
(DOES NOT INLUDE THE 5 HR MD COURSE)

 

This bundle is now available at discounted rate of $349 $239
Use Coupon Discount Code: 20PEDEAL  

 

MD 5 Hr AMTAMT is an education affiliate of Mortgage Educators & Compliance

 

For questions about ordering or other information, call (801) 676-2520

 

 

Maryland Continuing Education Requirements

Mortgage Loan Originators are required to complete 8 hours of Continuing Education which include:

 

  • 3 hours of Federal Law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of Maryland state law education

 

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 no issues with the "successive years" rule.

 

8 Hr NMLS CE

(THIS DOES NOT INCLUDE THE 1 HR MD COURSE) 

 

 

Additional questions?  

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

 

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