How to Get a Florida Mortgage Loan Originator (MLO) License

Requirements and Steps to Get a Florida Mortgage License

Step 1: Obtain your Unique Identification Number with NMLS

• Create an NMLS account and receive your Unique Identification Number
• Bring this number to class for completion credit

Step 2: Complete the 20-Hour Florida SAFE Comprehensive Course

• Pre-Licensure Education: Complete 20 hours of NMLS-approved pre-licensure education, including a minimum of 2 hours covering Florida Law and Rules

Step 3: Pass the SAFE Act Test

• Take and pass the SAFE Act National Test with Uniform State Test (UST) within 10 days of completing the 20-hour pre-licensing course
• Score 75% or higher to pass the SAFE Act test
• Create a Test Enrollment and pay the $110 (fee may vary) fee for the National Test with UST
• Schedule your test with Prometric Testing Centers

Step 4: Application

• Submit the MU4 Application (Uniform Individual Mortgage License/Registration & Consent Form) on the NMLS website
• Pay a $195 (fee may vary) nonrefundable application fee, a $20 (fee may vary) nonrefundable Mortgage Guaranty Trust Fund fee, and a $60 (fee may vary) NMLS processing fee
• Authorize a credit report for $15 (fee may vary) and submit it with your MU4 Application
• Submit fingerprints and Criminal Background Check (CBC) for approximately $36.25 (fee may vary) through an NMLS-authorized fingerprint vendor
• Obtain Florida Department of Law Enforcement (FDLE) fingerprints for approximately $33 (fee may vary) through PearsonVUE

Step 5: View your Application Status

• Check the status of your CBC request or retrieve a copy of your CBC Certificate
• View the status of your MU4 Application and review any deficiencies set by your state regulator

Course Description

Cameron Academy is excited to offer the Florida Mortgage Loan Originator (MLO) 22-Hour SAFE Act Course, a comprehensive and essential training program designed to help you excel as a mortgage professional in the state of Florida. This dynamic course meets the requirements of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), providing you with the knowledge and skills needed to obtain and maintain your MLO license.

In this engaging and interactive course, you will gain an in-depth understanding of the mortgage loan origination process, covering key concepts in lending, loan product knowledge, underwriting and loan processing, and ethical conduct in the mortgage industry. Our experienced instructors will guide you through essential topics, including federal and state lending laws, to ensure your success as an MLO in Florida.

Course Features

1. Comprehensive coverage of federal and state mortgage lending laws and regulations
2. Detailed overview of various loan products and their applications
3. In-depth understanding of underwriting, loan processing, and closing procedures
4. Ethical conduct and best practices in the mortgage industry
5. Practical case studies and real-world examples to reinforce learning and application
6. Exam preparation to help you pass the National Mortgage Licensing System (NMLS) exam

3 Benefits of a Career in the Mortgage Industry

1. Increased Earning Potential: With an MLO License, you can tap into the lucrative mortgage industry, where median salaries range from $60,000 to $70,000, with top performers earning over $100,000 annually (source: U.S. Bureau of Labor Statistics, 2021). The potential for growth and higher commissions increases with experience and a proven track record.
2. Making a Tangible Impact: MLOs play a pivotal role in helping 65.8% of American households (source: U.S. Census Bureau, 2021) achieve homeownership. As an MLO, you facilitate the process of securing dream homes and financial stability for families, leaving a lasting impression on their lives.
3. Continuous Learning and Career Growth: The mortgage industry is continuously evolving, with over 5.64 million homes sold in the U.S. in 2020 (source: National Association of Realtors, 2021). As an MLO, you’ll stay updated on market trends, regulations, and innovative lending solutions, ensuring long-term professional development and a rewarding career.

Start your mortgage career with Cameron Academy’s MLO License Course – an engaging online course offering education and support for success in the mortgage field. Enroll today and make a meaningful difference as a Mortgage Loan Originator!

Recommended Add-Ons

Helpful Links

• State and/or National Licensing Authority
• Test Scheduling

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