PRE-APPROVAL PROCESS

Becoming An MLO

A mortgage loan originator is an individual who accepts a residential mortgage loan application or negotiates the terms of a residential mortgage loan for compensation or gain or in the expectation of compensation or gain.
A residential mortgage loan means any loan primarily for personal, family, or household use secured by a mortgage, deed of trust, or equivalent consensual security interest on a dwelling containing 1 to 4 residential units. Dwelling includes an individual condominium unit, cooperative unit, mobile home, and trailer if used as a residence.

• Quick Guide: Individual
• Getting Started: State-Licensed Individuals
• State License Requirements