Simply Stated - All Things Finance

What Goes Into Getting a Mortgage Broker License?

November 01, 2023 Conference of State Bank Supervisors (CSBS) Season 2023 Episode 12
Simply Stated - All Things Finance
What Goes Into Getting a Mortgage Broker License?
Show Notes Chapter Markers

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
What is a mortgage loan originator license?
What does it mean for a homebuyer that an MLO or company is licensed?
Requirements to obtain a mortgage loan originator license
Summary of the mortgage loan originator license education requirements
Summary of the MLO license examination process
Who approves a mortgage loan originator license?
NMLS Consumer Access
How to file a complaint