How to Get a South Dakota Mortgage Loan Originator (MLO) License
South Dakota 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 South Dakota
- Pass a National Test
- Be employed and sponsored through NMLS by a licensed mortgage lender, mortgage brokerage licensee, or a registered exempt mortgage company
Steps to Get a South Dakota Mortgage License
- Complete a Criminal Background Check: Submit fingerprints for a thorough criminal background check to ensure compliance with state requirements.
- Authorize a credit report through the NMLS: Grant permission for the NMLS to access your credit report, demonstrating financial responsibility.
- Fulfill state and federal education requirements: Complete the necessary pre-licensing education, including the 20-hour SAFE Act course, to meet state and federal guidelines.
- Pass the National Test: Successfully pass the National Test to demonstrate your understanding of mortgage industry laws, regulations, and best practices.
- Be employed and sponsored through NMLS: Secure employment with a licensed mortgage lender or mortgage brokerage licensee or a registered exempt mortgage company, which will sponsor you through the NMLS.
Cameron Academy’s online 20-Hour SAFE Act Pre-License Course is designed to meet the South Dakota mortgage education requirements for obtaining a mortgage loan originator license. This comprehensive course covers federal law, ethics, non-traditional mortgage lending, and electives, providing you with the knowledge and skills needed to succeed as an MLO in South Dakota.
- Online, self-paced learning
- Engaging content, including interactive quizzes and multimedia presentations
- Expert support from experienced instructors
- Meets NMLS-approved education requirements
- Course completion certificate provided upon successful completion
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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