State of california mortgage licensing

For Companies Engaged in Non-Residential Lending or Brokering: Application and maintenance of a CFL license for companies engaging in lending or brokering that are secured by other than residential real property are managed directly by the Department. Please visit the main CFL web page for details. Last updated: Sep 14, pm. Mortgage Loan Originators. The broker must request and attest to the company renewal.

The Individual MLO renewal request should be submitted prior to the filing of the Company renewal request. It may also result in the denial of the renewal for the company MLO license endorsement. Renewal fees are nonrefundable per Business and Professions Code section NMLS does allow for a renewal to be requested during a "Reinstatement Period" which begins January 1st and continues through the end of February.

Late fees are not assessed for filings submitted during the NMLS reinstatement period. Failure to request a renewal by the end of February will result in a MLO license endorsement status being changed to "Terminated-Expired" and will no longer be eligible for renewal. To obtain a MLO license endorsement, a new application and appropriate fees must be filed again. An applicant for an Individual MLO license endorsement must also authorize a new credit report, submit new fingerprints for a criminal background check, and complete the appropriate NMLS continuing education.

The term and license identification number of the underlying real estate license will not change. Real estate licensees will continue to be responsible for filing the necessary renewal, continuing education, and record update requirements to maintain their four-year real estate license separately from the mortgage loan originator MLO license endorsement s.

To change licensing information on an existing mortgage loan originator license endorsement the filing must be amended on NMLS.

A licensed real estate salesperson who acts as a mortgage loan originator and holds a MLO license endorsement must notify the DRE of any affiliation changes and must provide affiliation sponsorship information electronically on NMLS within five 5 days of the commencement or termination of affiliation.

A licensed real estate broker who affiliates broker associates to conduct mortgage loan originator activities must provide affiliation sponsorship information to NMLS within five 5 days of the commencement of affiliation.

Statewide search:. Search this site:. Home Consumers Verify a License Find a real estate agent or broker. The complaint process, DRE's jurisdiction, and how to file a complaint. Verify a License Find a real estate agent or broker. To determine which license you need, please watch the video above.

For additional help, we recommend contacting your employer or contacting one of our licensing specialists today. If you are unsure which agency you will be licensed under, please contact your employer, as you must be licensed under the same agency.

If you are do not have a sponsor yet, use the following to determine which agency to select:. If you hold an active CA real-estate license and are looking to operate under both this and your new mortgage loan origination license, then you will select the CA-DRE. If you do not have a CA real-estate license and are not looking to obtain one and are only planning to operate under a mortgage loan origination license, then select the CA-DFPI.

These classroom courses are an expedited option for those trying to obtain an NMLS license in California. Click here for our current live classroom location schedule.

California has one of the strongest housing markets in the nation and continues to grow year after year. Obtaining your loan officer license in California takes determination, a willingness to learn, and a strong work ethic.