Who Needs a Mortgage Loan Originator License in Florida?
A Mortgage Loan Originator (MLO) license is required in the state of Florida for anyone who provides or offers to provide the following services:
- Solicit mortgage loans
- Accept applications for mortgage loans
- Negotiate terms for mortgage loans on behalf of a borrower or lender
- Process mortgage loan applications
- Negotiate the sale of an existing mortgage loan
Do I Need a Degree to Become a Mortgage Loan Originator?
In Florida, applicants do not need a college degree to become an MLO. The application process (see question below) does require proof of a high school diploma (or equivalent).
How Do I Become a Mortgage Loan Originator in Florida?
Becoming an MLO in Florida is a multi-step process, but it's relatively simple! Here's a breakdown of all the steps:
- Complete Pre-Licensure Education. This step is explained in more detail below!
- Schedule and pass an MLO license test, usually called the SAFE (Secure and Fair Enforcement for Mortgage Licensing) Test.
- Submit an Individual Form (MU4) through NMLS (Nationwide Multistate Licensing System & Registry). You must also complete the following steps either during or after you've submitted the MU4:
- Undergo a federal and state background check by submitting your fingerprints. Find a list of Florida background check services here.
- Authorize a credit report
- Answer background disclosure questions
- Get an employer sponsorship and give your current or future employer NMLS access.
How Long Does It Take To Become a Mortgage Loan Originator in Florida?
To comply with the federal Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act, mortgage loan originator (MLO) students need at least 20 hours pre-license education (PE) before applying for a license.
After you have finished the PE, it depends on how quickly you complete all the steps in the application process (see above).
Does Florida Require Specific Pre-Licensing Education?
Yes! Two hours of Florida-specific pre-license education must be part of the 20-hour requirement.
Our Florida SAFE course covers everything needed to fulfill the requirement and includes helpful resources like practice quizzes.
Is There a Time Limit for Finishing the Florida-Specific Course?
No. Unlike our National MLO Pre-License course, the Florida pre-license education is self-paced and has no completion deadline.
Does MLO Pre-License Education Expire?
Yes. Pre-license education (PE) can expire after three (3) years and must be retaken if:
- The student doesn't become a licensed MLO within three years of completing the PE
- An MLO doesn't renew their license within three years of it expiring