What Goes Into Getting a Mortgage Broker License?

Guest
Rich Madison, Vice President, Credentialing and Accreditation Programs

In today's episode, we discuss:

• What a mortgage broker's license is
• What it means for your mortgage broker to be licensed
• Where you can search for a licensed or registered mortgage broker
• Who to contact if you have concerns

Chapters

• 0:34 What is a mortgage loan originator license?
• 2:34 What does it mean for a homebuyer that an MLO or company is licensed?
• 3:50 Requirements to obtain a mortgage loan originator license
• 4:59 Summary of the mortgage loan originator license education requirements
• 6:13 Summary of the MLO license examination process
• 7:03 Who approves a mortgage loan originator license?
• 8:12 NMLS Consumer Access
• 10:31 How to file a complaint