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Texas Mortgage Loan Originator License Requirements

Texas Mortgage Loan Originator License

SAFE ACT Requirements

  • SAFE MLO Test – Existing licensees licensed on or before 7/31/2009 must pass the National Component of the SAFE MLO Test prior to renewing their license for 2011. Existing licensees licensed after on or after 8/1/2009 and all new applicants must pass the National Component of the SAFE MLO Test prior to filing form MU4 in NMLS beginning 4/2/2010. Existing licensees and all new applicants must pass the State Component of the SAFE MLO Test or be able to have certified passage of the Texas MB/LO Pre- Licensing Examination prior to filing form MU4 in NMLS beginning 4/2/2010. The State Component of the SAFE MLO Test will be available as of 6/14/2010.

  • Criminal Background Check – All licensees must submit fingerprints through NMLS for a criminal background check at time of filing form MU4 in NMLS beginning 4/2/2010.
  • Credit Report - All licensees must authorize a credit report through NMLS at time of filing form MU4 in NMLS beginning 4/2/2010.

Texas Mortgage Education Requirements

  • Continuing Education (Required courses – 8 hours CORE and Ethics) – CORE includes Federal law, State law, compliance, loan math. This course should be taken Bi-annually on date of licensure.
  • SAFE Act Pre-License (Required courses – SAFE CORE 8 hours) –
    • Mortgage Banker; FSC; CUSO; Auxiliary; and Independent LP & Underwriter RMLOs. All new applicants on or after 4/2/2010 must have completed 20 hours of NMLS approved pre-licensure education prior to filing form MU4 in NMLS. Existing licensees must complete 20 hours of NMLS approved, or be able to have certified Texas SML approved, pre-licensure education prior to transitioning to NMLS beginning 4/2/2010.
    • Mortgage Company RMLOs All new applicants on or after 7/1/2010 must have completed 60 hours of NMLS approved pre-licensure education or 30 hours of NMLS approved pre-licensure education with 18 months of industry experience prior to filing form MU4 in NMLS. Existing licensees must complete 20 hours of NMLS approved, or be able to have certified Texas SML approved, pre-licensure education prior to transitioning to NMLS beginning 7/1/2010.
  • SAFE Act Continuing Education (Required courses – SAFE CORE 7 hours) – All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012. This course should be taken Yearly by 12/31.
  • Certification (Education) – Currently licensed MLOs who have completed at least 20 hours of TX-SML state approved education on or before 8/13/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.
  • Certification (Test) – Currently licensed MLOs who have passed the TX RMLO Pre-licensing Examination no later than 8/15/2010 may be eligible to participate in the testing certification process and may not need to take the TX Component of the SAFE MLO Test. Refer to your state agency for more information.

For more information about the actual course please visit Mortgage Education Course FAQ’s.


agentcampus.com has partnered with industry leader MortgageEducation.com to offer the most comprehensive mortgage training available. Our self-paced online courses fulfill all the necessary education hours for the state of Texas and have been duly approved by the National Mortgage Licensing System (NMLS). Learn more about the courses by contacting MortgageEducation.com.

MortgageEducation.com
NMLS Provider No. 1400051

Address: 555 West 23rd Street, N10E Texas, NY 10011

Customer Support:
(404) 496-4177

Texas Mortgage Loan Originator License