Utah SAFE / Mortgage Licensing
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Become A Utah Mortgage Broker: Utah Mortgage Licensing Requirements
The SAFE Act requires states to establish minimum rules and standards for the licensing and registration of mortgage loan originators. This allows easy access to a Loan Officer and Mortgage Broker's credentials and allows the public to know what kind of mortgage history these providers have.
Essentially, the SAFE Act requires that state-licensed Mortgage Loan Originators (MLOs) pass a written qualified test with a score of 75% or better, complete at least 20 hours of pre-licensing education courses, and take eight hours of annual continuing education courses.
Do You Need To Have A License To Be A Mortgage Loan Officer In Utah? If So, How Do You Get A Mortgage License?
Utah Mortgage Brokers and Mortage Loan Officers need to be licensed by the state in which they do business, which means they must complete the pre-licensing education requirements, pass the state and national SAFE / NMLS exam with a score of 75% or better, then take eight hours of annual continuing education courses to maintain their license. Don't wait! Take one of our SAFE / NMLS training courses to earn your mortgage broker license!
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Utah Mortgage Broker Licensing Requirements
For further details on Utah Mortgage Broker licensing requirements or other Utah Mortgage Broker requirements, go to:
State of Utah, Department of Commerce, Division of Real Estate
160 East 300 South
PO Box 146711
Salt Lake City, UT 84114-6711
Telephone (801) 530-6747
Facsimile (801) 526-4387
Internet: www.realestate.utah.gov
Good luck earning your Mortgage Broker License in Utah!
Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
