How to Get a Indiana Mortgage Loan Originator (MLO) SOS License
Indiana Mortgage License Requirements
- Complete a Criminal Background Check (CBC)
- Authorize a credit report through the NMLS
- Fulfill all state and federal education requirements as designated by your state agency
- Take and pass a National Test
Steps to Get a Indiana Mortgage License
- Enroll in the Indiana Mortgage Loan Originator (MLO) 22-Hour SOS and SAFE Act Pre-License Course
- Complete the required 20 hours of NMLS-approved education, including federal law, ethics, non-traditional mortgage lending training, and electives, as well as 2 hours of Indiana (SOS) state-specific education
- Ensure education is completed during the 3 years immediately preceding the date of application, especially if the individual failed to maintain an active, valid license for at least 2 years
- Prepare for and pass the National Test
- Submit your license application through NMLS, along with the required background check, credit report authorization, and documentation of completed education
The Indiana Mortgage Loan Originator (MLO) 22-Hour SOS and SAFE Act Pre-License Course provides a comprehensive online education tailored to meet the unique requirements of mortgage loan originators in Indiana under the Secretary of State (SOS). This course covers all necessary topics required by the SAFE Act and Indiana SOS, including federal law, ethics, non-traditional mortgage lending training, electives, and Indiana state-specific education.
- 22-Hour SAFE Act Pre-License Course
- Online, self-paced learning
- Comprehensive coverage of federal law, ethics, non-traditional mortgage lending training, electives, and Indiana SOS state-specific education
- Designed to meet Indiana SOS requirements
- Interactive course materials and quizzes to enhance learning
3 Benefits of a Career in the Mortgage Industry
- 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.
- 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.
- 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!
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