Minnesota uses the Nationwide Mortgage Licensing System (NMLS). Natural persons are required to meet the following requirements before a license can be issued:
A passing score on both the National and State components of the SAFE Test
Satisfactory criminal background check including fingerprints
Minnesota Department of Commerce satisfactory review of a credit report
License sponsorship in NMLS by a licensed mortgage originator company
Here is further information regarding those requirements:
Mortgage loan originators (MLOs) originating loans in Minnesota must have a total of 20 hours of NMLS approved pre-license education (PE).
All MLOs must complete both the National and State Component of the SAFE MLO test before a license can be approved.
Criminal Background Checks
MLOs should submit fingerprints through NMLS for a criminal background check.
All MLOs are required to authorize a credit report through NMLS.
Detailed instructions on
How to schedule a fingerprint appointment for the criminal background check,
How to schedule an appointment to take the National and/or State test,
How to enroll in NMLS pre-licensure education courses
are available on the NMLS Resource Center at http://mortgage.nationwidelicensingsystem.org. For questions about navigating the NMLS Resource Center, contact the NMLS Call Center at 240-386-4444.