RELO Requirements - what it
takes to be a RELO Agent

Getting Licensed

Mortgage Loan Originator licensing is like obtaining your Real Estate license. There is an upfront education requirement, a test and annual continuing education. The main difference is there is one national licensing system, the Nationwide Mortgage Licensing System and Registry (NMLS).

  • All your licensing activity is handled thru one account. If you are licensed in 1 State or 50 States, every State is handled thru your one (1) NMLS account.
  • There is one (1) national licensing test. Successfully passing this test satisfies the testing requirement for all States.
  • Your annual Continuing Education requirements for all States are processed thru your NMLS account. Also, there is reciprocity between the States for Continuing Education.

The key point is that unlike your Real Estate license, there is a one-stop-shop for all Mortgage Originator licensing call NMLS. This is a good thing.

RELO Requirements
Pre-Licensing Education icon

Pre-Licensing Education

This is a 20 hour class that covers the basic requirement for all 50 states. Some States may require 1-3 additional, State specific hours.

You may use any accredited education provider, however, RELO Funding has negotiated special discounts with MEC (Mortgage Educators and Compliance). The MEC program is an entirely online with 24/7 availability.

Passing the National Test icon

Passing the National Test

This test is scheduled and paid thru your NMLS account. Testing is conducted in-person at the various Prometric testing sites. A passing score is 75% or above. The test is 125 questions and you have a little over 3 hours to complete the test.

State Licensing icon

State Licensing

Again, thru your NMLS account you will submit the State(s) licensing application. This includes the pre-licensing education, passing test results and the licensing fee. The Again, thru your NMLS account you will submit the State(s) licensing application. This includes the pre-licensing education, passing test results and the licensing fee. The total fees vary by State. The licensing process timeframe varies by State.

Remember... we are here to help guide you thru this process. This can seem overwhelming, especially considering you have a full-time job selling real estate. You don’t have to eat the elephant. Just take it step-by-step and honestly you can finish this up in a few evenings and a weekend.

Continuing Education

All Mortgage Loan Originator licenses require annual continuing education. Few people get excited about continuing education, so the good news is NMLS makes the process very simple:

  • All Mortgage Loan Originator licenses expire on the same date Dec 31st
  • All States require eight (8) CE hours and there is reciprocity
  • The CE hours can be completed entirely online
  • You may use any accredited education provider, however, RELO Funding has negotiated special discounts with MEC (Mortgage Educators and Compliance). The MEC program is an entirely online with 24/7 availability.