Question

Allison wants to become an MLO but is unsure about the process in which she must go through to obtain her license. She needs some help and is looking to you for guidance. What are the steps that Allison must take in order to obtain her mortgage loan originator license

Answer 1

Answer: See explanation

Explanation:

The steps that Allison must take in order to obtain her mortgage loan originator license include the following:

Step 1. In order to get the license, Allison should be at least 18 years old.

Step 2. Allison should register with Nationwide Mortgage Licensing System and Registry after which she'll get an NMLS number.

Step 3. Allison would then have to finish the 20 hours pre-licensure education aftee which she must pass it by having a score of at least 75%.

Step 4. Allison would then go through a criminal background check if she scores at least 75% and get the credit report.