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License Finder

Loan Originator, Mortgage
License Description To receive a Loan Originator License, an applicant must have completed at least three hours of federal law and regulations, three hours of ethics (including instruction on fraud, consumer protection, and fair lending issues), two hours of training related to lending standards for nontraditional mortgage product markets, and twelve hours of undefined instruction on mortgage origination. This pre-licensure education must include 2 hours of Michigan content. Upon completion of these requirements, an applicant must then either pass both the National and Michigan State components of the SAFE test, OR pass the National and stand-alone UST components of the SAFE Test, OR pass the National Test Components with Uniform State Content. Finally, the applicant must submit a license application to the NMLS. License fees include a $30.00 initial processing fee, $250.00 license/registration fee, $15 for a credit report, and $36.25 for an FBI criminal background check.
Licensing Agency
Michigan Department of Insurance and Financial Services
P.O. Box 30220
Lansing, MI 48909-7720
(877) 999 6442
difs-fin-info@michigan.gov
Active Status Active
Criminal Record No criminal record prohibitions
License Type Stand-alone license
License Updated 02/25/2020
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