Mortgage Loan Originator Licensing
NMLS FAQ
When will I be able to apply for the NMLS Mortgage Loan Originator license?
The Nationwide Mortgage Licensing System (NMLS) is actively accepting applications as of October 1, 2010.
What is required to apply for the NMLS Mortgage Loan Originator license?
Go to our Licensing Requirements page for information.
When I submit my Mortgage Loan Originator (MLO) license application MU4 Form to NMLS, what are they looking for on my credit report?
NMLS will perform a cursory review of the credit report and flag the applicant based on the following items:
- bankruptcies filed within the last 10 years
- current outstanding judgements (except judgements solely as a result of medical expenses)
- current outstanding tax liens or other governmental liens and filings
- has current Collection Accounts or a history of Collection Accounts
- foreclosures within the past 3 years
- three or more accounts currently more than 90 days passed due
- multiple Social Security Numbers attached to the individual's name
- no credit history
- currently in the appealing any credit items
- delinquent child support payments
I want to submit my Mortgage Loan Originator (MLO) application. Where do I start?
We've compiled the following User Guides created by NMLS to assist you with the application process. If you have any questions regarding the application process or questions about the User Guides, please contact the NMLS Call Center directly at 240.386.4444 for assistance.
