RELO Requirements - what it
takes to be a RELO Agent
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.
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.
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.