How to Get Delaware MLO Education Course Licensing Information Online

Delaware Mortgage Loan Originator Prelicensing Education, Continuing Education, and Licensing Requirements

Nationwide Mortgage Licensing System (NMLS) your course completion record is posted on the NMLS, you pay for the exam and schedule the exam through the NMLS, and after successfully passing your NMLS exam on your first attempt using our extremely comprehensive and effective test preparation program you apply for all licenses and renewals on the NMLS.

Do you have your NMLS number yet?

If you have not done so already, it takes 1 -2 minutes to get your NMLS number. https://www.statemortgageregistry.com/Public/Login.aspx Click “Request an account” Click “Individual” We try to make all of these things easier, what questions may we answer? Use the chat feature on the bottom right corner of every web page to get answers now!

Delaware Mortgage Loan Originator Licensing Checklist

https://mortgage.nationwidelicensingsystem.org/slr/PublishedStateDocuments/DE-MLO-New-Application-Checklist.pdf

Delaware MLO SAFE Prelicensing Education Requirements

Delaware does not have any state specific PE requirements in addition to the initial 20 hours of SAFE education. If you haven't completed your initial 20 hours of SAFE education, click here to view our 20 Hour SAFE options. This state is a UST state and has adopted the Uniform state test added to the National test. If you want to be licensed in this state and have not taken the newest National test with UST included. Then you will want to take the UST stand alone. To purchase study material click here SAFE 20 Hour Prelicensing Course Options

DE Mortgage Loan Originator or Loan Officer Continuing Education Requirements

If you are already a licensed MLO in the state of Delaware you don't need to take PE (unless you have been instructed by the NMLS to do so). You do need to complete at least 8 Hours of NMLS approved continuing education every year following the completion of your PE requirements. Our 8 Hour SAFE course satisfies these requirements. Click here if you need to complete your continuing education and select the 8 hour course that meets your needs.

Delaware Mortgage Loan Originator and Mortgage Company Licensing Agency

Regulator: Delaware Office of the State Bank Commissioner 

Address: 555 E. Loockerman Street Suite 210 Dover DE 19901 Phone: (302) 739-4235 Fax: (302) 739-3609 Website: http://banking.delaware.gov/ Delaware MLO Licensing Help https://banking.delaware.gov/faqs/mortgage-loan-originator-licensing-help/

What are the fees for Mortgage Loan Originators?

An applicant for a mortgage loan originator license must pay an investigation fee of $250 and an NMLS processing fee of $30, through NMLS, at the time of application. If the application is approved the applicant pays a licensing fee of $250 directly to the Office of the State Bank Commissioner (not through NMLS). The licensing fee is required again at the next renewal (filed through NMLS during the month of November) and annually at each renewal thereafter, but at renewal the licensing fee is collected by NMLS. A $500 supervisory assessment fee will be billed directly by the Office of the State Bank Commissioner each July, which is due no later than August 1st. NMLS charges an annual processing fee on a per license/per state basis. The processing fee pays for the operation of NMLS including access to the licensee system; creation, maintenance and production of reports and call center operation.

Who needs a Delaware MLO License?

Individuals who deal directly with customers who are seeking mortgage loans and solicit, negotiate, explain or finalize the terms of the loan. “Soliciting” means the discussion of a mortgage loan product or products with a customer or potential customer, but does not include the taking of customer information or referral of a customer or the customer’s information to a person engaged in mortgage origination. While the State of Delaware currently licenses businesses that employ loan originators (lenders licensed under Chapter 22 of Title 5, and mortgage loan brokers licensed under Chapter 21 of Title 5) all non-exempt individuals who engage in mortgage loan originating must now be licensed irrespective of how they are compensated.