How to Obtain a Florida MLO License--Florida Real Estate School

Florida Real Estate School

MLO Licensing Requirements

Step-by-Step Licensing Guide

Applicants for the Mortgage Loan Originator License (MLO), must complete these steps:

How to Obtain your MLO License

Step 1: Obtain your Unique Identification Number with NMLS

Creating an account with NMLS (Nationwide Mortgage Licensing System) only takes a few minutes. After creating your account, NMLS will notify you by email with your Unique Identification Number. Click below to do this now.

Create my NMLS Account

Step 2: Complete the 20 Hour SAFE Comprehensive Course

The 20 Hour SAFE Comprehensive Course is the required pre-licensing education for Mortgage Loan Originators as mandated by the 2008 SAFE Act. Classes are available in Fort Myers and Naples. Click below to view our course information.

View Course Schedule

Step 3. Pass the SAFE Act Tests

You are required to take and pass the SAFE Act Tests – the National Component with Uniform State Test (UST) and the State Specific Component for each state you wish to originate in. Our recommendation is to complete the State Specific Component first and then the National Component. Scores of 75% or better are required to pass the SAFE Act tests.

• TEST ENROLLMENT: First you must create a TEST ENROLLMENT on the NMLS website. You will pay a $110 fee for the National Test with Uniform State Test (UST) and a $69 fee for the State Specific Test upon the enrollment. Creating the enrollment is what will give you permission to schedule the test.

How To Pay For A Test Enrollment

• SCHEDULE YOUR TESTS: **You must pay for the tests in the step above BEFORE you can schedule a test date.** The tests are given by Prometric Testing Centers, and they have centers located throughout the state of Florida and across the country. In Southwest Florida, the nearest facility is located at 4315 Metro Parkway Suite 120 - Fort Myers, FL 33916

Schedule Test

Do you already have your MLO license in another state and just need to prepare for the Florida Component Test?

View our Florida Specific Exam Preparation Courses and Products.

Step 4: Application 

*Complete after you've attended the 20 Hour Course and passed the National and Florida exams*

• SUBMIT THE MU4 APPLICATION: Loan Originator applicants must submit the "Uniform Individual Mortgage License/Registration & Consent Form," also known as the MU4 APPLICATION on the NMLS website.

Florida Real Estate School

How To Submit MU4 Application 

• FEES: You must pay a $195 nonrefundable application fee, a $20nonrefundable Mortgage Guaranty Trust Fund fee and a $60 NMLS processing fee when you apply. 

• CREDIT REPORT: You are required to authorize a credit report with the submission of your MU4 Application. The cost of the credit report is $15.

How To Submit Credit Report

• FINGERPRINTS and CRIMINAL BACKGROUND CHECK: You are required to have your fingerprints scanned electronically at an NMLS-authorized fingerprint vendor for an FBI Criminal Background Check (CBC) with the submission of your MU4 Application. The cost of the CBC is $39.

How To Submit Criminal Background Check

If you are obtaining your MLO License in Florida, you must also have your fingerprints scanned electronically at a Florida Department of Law Enforcement (FDLE) location. We recommend using PearsonVUE. The cost of the FDLE fingerprint is $33.

You may make an FDLE fingerprint reservation by calling PearsonVUE at1.877.238.8232.

Step 5: View your Application Status

Criminal Background Check Status

During your license approval process, you can view the status of an existing Criminal Background Check (CBC) request or retrieve a copy of your CBC Certificate.

How To View Criminal Background Check Status

Application Status

You may view the status of your MU4 Application and review any deficiencies that your state regulator has set. A deficiency is placed by the state regulator to notify you of any missing information that is still required in order to issue a licensing decision.

Each time the status is updated by the Regulator in NMLS, you will receive a system generated email indicating the status change.

How To View Application Status

For further assistance, please contact the
NMLS Call Center at 855.665.7123

Brad Larson
Larson Educational Services
1400 Colonial Blvd.
Suite 44
Fort Myers, Florida
33907
239-344-7510
About Florida real estate school LarsonEd

20 Questions to Learn About the Seller--LarsonEd

Fort Myers Real Estate School

While you are evaluating the property during a walk-through, sellers will in fact be evaluating YOU at the same time. Here are 20 questions you can ask to help you learn about the seller and prepare for a walk-through:

1. How did you hear about me/who referred you?

2. Who else are you interviewing?

3. Would it be possible for all decision makers to be present at this meeting?

4. What are the names of the people who will be present during this meeting?

5. Why do you want to sell?

6. When do you need to sell?

7. At what price do you want to list your property?

8. How much are your underlying loans?

9. Can you tell me about the property? Type? Square footage? Bed/Bath? Etc.

10. What other amenities does the property offer?

11. What criteria are you going to use in hiring listing clients?

12. May I ask you to wait to make a decision on your listing agent until you meet with me?

13. If I answer all of your questions to your satisfaction, will you list your property when you meet with me?

14. I will be sending/delivering/offering on my website a little pre-meeting information packet. Can you please review it before meeting with me?

15. Do you own any other properties in the area? If yes, where?

16. Are you thinking about listing those also?

17. Where are you moving?

18. Do you know a real estate professional there?

19. Do you need a 1031 tax deferred exchange?

20. Would you like to meet with my company’s CPA at no charge?

By finding the answers to these questions before a walk-through, you will better understand the seller’s goals and expectations before investing your time and effort. If you are a new Florida real estate professional, make sure you complete your Post-Licensing Education before your 1^st license expiration date. If you are a seasoned veteran, it’s never too early to get your Continuing Education done.

Either way, Larson Educational Services has you covered with timely and market-ready information taught in professional classrooms by instructors who care about your success. Learn more about the courses we have to offer in Fort Myers, Naples or Online at the following link - http://www.larsoned.com/realestate/ - or simply call a friendly Larson representative at (239) 344-7510.

 Larson Educational Services looks forward to earning the right to be your real estate school of choice!
 Larson Educational Services
1400 Colonial Blvd. Suite 44
Fort Myers, FL 33907
info@LarsonEd.com 
239-344-7510
http://www.LarsonEd.com/realestate/licensing/naples-real-estate-school/ 
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Deadline for MLO applications extended to December 15, 2010

The deadline for Florida Mortgage Loan Originators to submit their MU4 Application has been extended from November 30 to December 15, 2010.

View the notice provided by FAMP below:

"The Florida Office of Financial Regulation has recently been informed that the deadline for testing and education certification has been extended.

In order to be eligible for certification, an individual must successfully submit an MU4 application for a Florida loan originator license no later than December 15, 2010. If the individual qualifies for the certification, the Office of Financial Regulation will submit the necessary information to NMLS. The individual does not need to request that Florida certify to NMLS as this will happen automatically. Once NMLS has processed a certification file from Florida, a certification invoice is generated on each NMLS record and an e-mail is sent to the e-mail address on file with NMLS. Loan originators will not receive the benefits of certification until the NMLS invoice has been paid.

To qualify for education certification, an individual must hold an active mortgage broker license issued prior to October 1, 2010. To qualify for testing certification, an individual must hold an active mortgage broker license issued prior to October 1, 2010and passed the old Florida mortgage broker test on or after January 1, 2004.

The deadline to pay for a certification invoice is December 31, 2010. All outstanding certification invoices not paid by December 31, 2010 will be deleted by NMLS and the individual will not receive the benefits of certification.

In addition to the testing and education certification process, please remember to provide the Office of Financial Regulation information concerning the high school education requirement. You must provide the name of the high school and date the diploma or its equivalent was received. This information may be provided to the OFR by emailing them at flnmls@flofr.com.

More information about the license requirements can be found in the Florida jurisdiction specific documents located on the NMLS Resource Center website at http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=FL

Individuals and companies that currently hold licenses issued prior to October 1, 2010 must file for a new license through NMLS and be in an "Pending - Review" status by December 31, 2010 or cease business. The jurisdiction specific documents explain in detail what is required to be in a "Pending - Review" status. "

If you have any further questions about the application itself, you can contact NMLS customer service at (240) 386-4444.

If you have questions about the licensing requirements, you can contact us at (239) 344-7510.

Larson Educational Services
1400 Colonial Blvd, Suite 44
Fort Myers, FL 33907
www.LarsonEd.com Google