Get Your Mortgage Loan Originator License in 2022!
North Carolina Bundle
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How to Get Your Mortgage License in North Carolina
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Step 1 |
Step 2 |
Step 3 |
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Apply For Your NMLS Account and ID Number |
Complete Your NMLS Pre-License Education |
Need to Pass the SAFE MLO National Test |
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The first step to obtaining your North Carolina mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website. |
Once you've created your NMLS account, it's time to complete your pre-license education. North Carolina requires 20 hours of NMLS-approved education and 4-hour state elective SAFE pre-licensure education. |
With your education complete, you need to schedule an appointment for the National Test Component exam and take the NMLS test. Find out more on how to take your NMLS exam here. |
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Step 4 |
Step 5 |
Step 6 |
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Complete Background Checks and Pay All Fees |
Apply for Your North Carolina Mortgage License |
Associate Your NMLS Account with Your Employer |
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To finalize your application and receive your license, you will need to pay several non-refundable fees and get a background check. Find out more about how to complete your background check here. |
After receiving a passing score on your NMLS mortgage exam, you need to apply for your North Carolina NMLS license. You can find more information on this step here. |
Your license will still be pending in North Carolina until you have an employer sponsorship, which lets the government know that an employer is supervising your license. Learn how to associate your NMLS account with your employer here. |
A Rewarding Career With a North Carolina Mortgage License
Obtaining a North Carolina mortgage loan originator license is the first step toward an exciting, dynamic, and social career path. You’ll be able to keep learning new things, all while meeting new people and earning a good living. However, when you’re just getting started, the education and application process can be difficult.
You can use the steps and support offered by Mortgage Educators to get your license more quickly and easily. Our course bundle allows you to complete North Carolina’s education requirements with less hassle. You can also take an exam preparation class to make sure you’re ready. Then you’ll be well-prepared for a rewarding career that can keep you interested and engaged for many years.
North Carolina Mortgage License Education Requirements
Your North Carolina mortgage education requires instruction totaling 24 hours. The educational requirements are broken up into the following categories:
- consumer protection, fraud, fair lending, and ethics (3 hours)
- federal law (3 hours)
- non-traditional lending (2 hours)
- electives (12 hours)
- North Carolina-specific issues (4 hours)
Get the complete 24-hour package in one education bundle from Mortgage Educators.
What's the Difference Between a North Carolina Mortgage Broker License and a North Carolina Loan Officer License?
A loan officer helps clients get mortgages through the officer’s employer (a broker, bank, or financial institution) and needs a specific license to do so. In contrast, the term “mortgage broker” may either apply to the employer of several loan officers or to an independent loan specialist who connects customers with loans from several different possible lenders. Either way, brokers have different licensing requirements than loan officers to operate such a business.
Cost of Getting Your Mortgage License in North Carolina
North Carolina requires these fees to obtain a license:
- NMLS Initial Processing Fee: $30
- NC Application Fee: $125.00
- FBI Criminal Background Check: $36.25
- Credit Report: $15
PE Expiration Policy in North Carolina
If you have taken your 20 hours of pre-license education, this policy could require that you complete it again. This applies if you didn’t get your license for 3 years after completing the courses, or if it has been 3 years since you last completed the 20 hours of pre-licensing, even if your license has been active during that time.
North Carolina Continuing Education Requirements
Keeping your mortgage license in North Carolina requires you to obtain yearly continuing education. This means completing 8 general education hours a year, which must cover: ethics (2 hours), federal law (3 hours), non-traditional mortgages (2 hours), and North Carolina laws and regulations(1 hour).
North Carolina also requires a new criminal background check and credit check each year. You’ll pay a $125 renewal fee, a $125 reinstatement fee, and a $30 processing fee. Although the deadline for your renewal application is the last day of the year, it’s recommended you submit it by November 1 instead.
Start Your North Carolina Mortgage Courses Now
Take convenient Mortgage Educators courses to complete pre-license or continuing education requirements. Shop for high-quality education bundles here.
Additional Questions?
Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your North Carolina mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.
