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Mortgage Loan Originator
- The Mortgage Loan Originator Licensing Act provides for the licensing and regulation of individuals originating mortgage loans in the state of Michigan. A mortgage loan originator is an individual who for profit or gain takes a residential mortgage loan application and/or offers or negotiates terms of a residential mortgage loan.
How to Become Licensed
- Fee Schedule - Mortgage Loan Originator
- NMLS - Getting Started Individuals
- NMLS - New Application Checklist
- FIS 2135
Bond - Mortgage Loan Originator - INDIVIDUAL
- FIS 2137
Bond - Mortgage Loan Originator - COMPANY
- Perpetual Mortgage Loan Originator (MLO) Surety Bonds
Once You Are Licensed
Renewals
- Mortgage Loan Originator Renewal
- Completion of 8 hours of continuing education (Exception: MLOs who complete 20 hours of pre-licensure education in the year in which they receive licensure are not required to take continuing education)
➜ NOTE: Continuing education must be completed prior to requesting renewal through NMLS - Any MLO who requests renewal through NMLS after December 31 is subject to a late penalty of $25 per day up to a $1,000 maximum
- Completion of 8 hours of continuing education (Exception: MLOs who complete 20 hours of pre-licensure education in the year in which they receive licensure are not required to take continuing education)
- NMLS - Preparing for Individual Renewal
- NMLS - Individual Renewal