Mortgage Loan Originator (MLO)
License Renewals
All Loan Originator licenses must be renewed on or before December 31, 2009. DFI strongly encourages MLOs to submit renewal requests by December 1, 2009 to allow enough processing time. Renewal requests must be submitted through the Nationwide Mortgage Licensing System (NMLS).
Looking for Mortgage Broker or Designated Broker renewal information? Please visit the Mortgage Broker License Renewal webpage.
Presentation from November 9, 2009 Webinar
The PowerPoint presentation file used during the November 9 Mortgage Broker and Loan Originator renewal requirements webinar has been posted for your convenience.
Report Your Continuing Education to DFI
Renewal Steps
Follow these steps to renew a LO license:
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Attestation And Renewal Submission
Log into your NMLS account and attest to your individual record. Once your record is attested to, a renewal request can be submitted in the NMLS. This involves paying the renewal fees via credit card or ACH. -
Continuing Education
After submitting a renewal request, Standard LO licensees must report their education via DFI's Online Reporting System. Interim LO licensees or those who completed 20 hours of NMLS approved pre-licensing education will have their education reported directly to the NMLS. -
Renewed License
Once DFI approves your renewal, a 2010 license will be emailed to the address on the NMLS record. This is the only copy of the license which you will receive.
Need further assistance? The NMLS Renewals Quick Guide (PDF)* outlines the steps for renewing your license on the NMLS. The NMLS Call Center is also available at (240) 386-4444.
Tips for a Successful Renewal
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Know Your NMLS User Name And Password
In order to submit your renewal request via the NMLS, you must have your user name and password available. If you do not know your user name and/or password, contact the NMLS Call Center at (240) 386-4444. -
Ensure Your NMLS Record Is Up To Date, Especially Your Email Address
Most communication about your license is done using the email address on your NMLS record. If that email address is not current, you may miss critical information, including your renewed license. -
Complete The Required Continuing Education
Check DFI’s MLO Continuing Education page to ensure you have completed the correct amount and type of continuing education to renew your LO license.
Frequently Asked Questions
What does it cost to renew a Loan Originator License?
The cost to renew a Loan Originator license on or before December 31st is $155 which includes the NMLS $30 system fee.
What is Washington Continuing Education requirement?
The continuing education requirement for MLOs depends on which type of LO license you hold. Standard LO licensees must complete 8 hours of DFI approved education, including 2 hours of ethics. Interim LO licensees must complete 20 hours of NMLS approved education.
Are there specific Continuing Education courses which must be taken?
If you hold a Standard LO license, you must take courses from DFI’s list of approved courses and 2 hours of your education must be in ethics. If you hold an Interim LO license, you must take courses from NMLS approved providers and 8 of those hours must meet the SAFE requirements.
What is the deadline for renewing my license?
All LO licenses expire December 31, 2009. On or prior to that date, you must submit both the renewal request through the NMLS and provide DFI your continuing education. Note: The NMLS website will be available on December 31, 2009 until about 8:59pm, not until midnight.
Who can help if I forgot my password to the NMLS?
If you are an individual and you know your user name, there is a “Forgot Password” option on the NMLS login screen. If you do not know your user name, you must contact the NMLS Call Center. You can reach them at (240) 386-4444.
I am an inactive loan originator, must I renew my license?
If you wish to maintain your inactive loan originator license in 2010, you must renew with the same requirements as an active loan originator licensee. This includes submitting the renewal request in the NMLS and providing your continuing education to DFI.
When I log into my NMLS account to attest to my record, it says I have no licenses available for attestation. What should I do?
LO licenses must be in an “approved” status in order to be eligible for renewal. Use the Manage License Status Quick Guide (PDF)* to check the status of your license. If your license is in an approved status and you still can’t attest to the record, contact the NMLS call center.
Who can I call for help navigating the renewal system in the NMLS?
The NMLS Call Center is available Monday-Friday from 6am-3pm. Their phone number is (240) 386-4444.
What happens if I do not renew my license by December 31, 2009?
Your license will expire which means you will no longer be able to act as a loan originator in Washington. Licenses can still be renewed after December 31, 2009, but they will be subject to a late fee.
What is the late renewal fee for a loan originator license?
If you renew your LO license late, the fee is $217.50 which includes the NMLS $30 system fee.
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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