How to get Florida Mortgage Loan Originator Prelicensing Education PE and Continuing Education CE Requirements Met
1. Get your NMLS Number
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!
2. Get and complete your FL 20 Hour Pre-licensure Education PE Course Bundle
3. Pass the NMLS National Component Exam with Uniform State Test using our included test preparation program and add other states by getting and completing state PE courses
4. Apply for your Florida MLO License on the Nationwide Mortgage Licensing System
Do you have any questions about qualifications or any part of the process? Use the chat feature on the bottom right or click here and get answers fast!
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.
Florida Mortgage Loan Originator and Processor Licensing Checklist
Florida New MLO Prelicensing Education Requirements
Prior to submission of the application, complete at least 20 hours of NMLS-approved pre-licensure education (PE) courses. Florida does have a 2 hour Florida law requirement included along with the initial 20 hours of SAFE education. If you haven't completed your initial 20 hours of SAFE education, click here to view our Florida 20 Hour SAFE course with test preparation package with 2 hour Florida law content. 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.
Click here to purchase study materials for the national component exam with Uniform State Test.
Click here If you need only the FL MLO 2 hour course to add Florida to your list of licenses.
FL MLO Continuing Education Requirements
Update: Beginning in 2017, for license renewals submitted for the 2018 license year, Florida will require 1 hour FL state law specific training. If you are already a licensed MLO in the state of Florida 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. Remember, you can't repeat the same course two years in a row! If you can't recall which course you took last year, give us a call, or shoot us an email! Click here to get your FL MLO 8 Hour CE Course Bundle.
Important Notice
The Florida Office of Financial Regulation (FL-OFR) has informed the NMLS that it will adopt the Uniform State Test (UST) on January 1, 2017. As part of the adoption of the UST, individuals seeking licensure with FL-OFR will no longer be required to take the Florida State Component of the MLO SAFE Test. However, on and after January 1, 2017, individuals seeking licensure with FL-OFR are required to complete two (2) hours of FL-OFR specific PE prior to licensure by the agency, and MLOs seeking to maintain an MLO license with FL-OFR are required to complete one hour of Florida state-specific CE as a condition for license renewal.
Florida Mortgage Licensing Agency Contact Information
Regulator: Florida Office of Financial Regulation Address: Division of Securities and Finance,
200 E. Gaines Street Tallahassee FL 32399
Finance licensing staff by phone at 850-410-9895 for additional assistance. Fax: (850) 410-9748
Website: http://www.flofr.com/Chapter 494, Florida Statutes – Loan Originators and Mortgage Brokers Rule 69V-40, Florida Administrative Code – Mortgage Brokerage Form OFR-494-14 – Disciplinary Guidelines for Mortgage Loan Originators and Mortgage Entities
How much does a Florida Mortgage Loan Originator License Cost?
Total license costs is $300.25 which includes:
a. $195 Florida application fee
b. $30 NMLS processing fee
d. $36.25 Federal criminal background check
e. $24 State criminal background check (Florida) – paid to the service provider
f. $15 Credit Report fee
High School Education Requirement and Age Requirement
High School Education Requirement. Upload high school information via a PDF document to the Verification of Experience section via Document Uploads section of the MU4. On the document provide; your name, your NMLS ID number, name of school and the date the high school diploma, or its equivalent, was received (a copy of the diploma is not required). All license applicants must be 18 years of age minimum.
State Criminal Background Check. In addition to the FBI Criminal Background Check, submit fingerprints to a Live Scan Service Provider, approved by the Florida Department of Law Enforcement (FDLE), for submission to the FDLE for a STATE ONLY criminal background check; please provide ORI Number: FL737111Z to the Live Scan Provider for proper submission to FDLE. A list of approved Live Scan Service Providers is available on the FDLE’s website. Please note, the list contains many national Live Scan Providers, as well as providers with hard scan capabilities if you are not able to find a provider in your area. This requirement is separate from the FBI Criminal Background Check referenced below.
Florida Processor Requirements Other Information – Loan processors:
A licensed loan originator who acts solely as a loan processor and contracts with more than one mortgage broker or mortgage lender, or either simultaneously must file with the Office of Financial Regulation a Declaration of Intent to Engage Solely in Loan Processing, Form OFR-494-13.A person who seeks to act solely as a loan processor shall:
(a) Be licensed as a loan originator under Chapter 494, F.S., and must at all times thereafter remain licensed; and
(b) Submit a completed Form OFR-494-13 (Declaration of Intent to Engage Solely in Loan Processing) to the Office of Financial Regulation at the address below.
A person who currently has on file with the Office of Financial Regulation a Declaration of Intent to Engage Solely in Loan Processing may withdraw the declaration by filing Form OFR-494-13 (Declaration of Intent to Engage Solely in Loan Processing) with the Office of Financial Regulation indicating on the form the person’s intent to withdraw the declaration.
Division of Finance Bureau of Regulatory Review
200 East Gaines Street
Tallahassee, FL 32399-0376
WHO TO CONTACT – Contact Bureau of Regulatory Review - Finance licensing staff by phone at 850-410-9895 for additional assistance.