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

Minnesota 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 both a National Component and Minnesota State Component Test

Steps to Get a Minnesota Mortgage License

  1. Complete a Criminal Background Check (CBC)
  2. Authorize a credit report through the NMLS
  3. Fulfill all state and federal education requirements as designated by your state agency
  4. Take and pass both a National Component and Minnesota State Component Test

Course Description

The Minnesota Mortgage Loan Originator (MLO) 20-Hour SAFE Act Pre-License Course provides an in-depth online education tailored to the needs of mortgage loan originators in Minnesota. The course covers all required topics, including federal law, ethics, non-traditional mortgage lending, and electives, ensuring a comprehensive understanding of the mortgage industry.

Course Features

  • 20-Hour SAFE Act Pre-License Course
  • Online, self-paced learning
  • Comprehensive coverage of federal law, ethics, non-traditional mortgage lending, and electives
  • Designed to meet Minnesota requirements
  • Interactive course materials and quizzes to enhance learning

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!

Minnesota mortgage loan originator (mlo) 20-hour safe act pre-license course 2024
Minnesota mortgage loan originator (mlo) 20-hour safe act pre-license course 2

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