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Getting Licensed In Another State | Step-by-step NMLS Walkthrough | Mortgage License
As a follow up to our Top 5 video on multiple state licenses, this video walks you through the steps required to get licensed in an additional state through the NMLS. NMLS State Licensing Page https://mymgtr.com/nmls-state-licensing Our Top 5 Reason You Need Multiple State Licenses Video: https://youtu.be/CTyelnGZIzU 〰〰〰〰〰〰〰〰〰 ...
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Nationwide Multi-State Licensing System and Registry NMLS Overview
NMLS confusion? Let’s clear it up. Here’s how NMLS licensing affects: 🏛 FDIC Banks 🏦 Retail Lenders 📉 Mortgage Brokers 👉 At big banks: Yes, loan officers get an NMLS number—but no license exam or 20-hour class required! 😲 👉 At retail lenders: ✅ NMLS license is required (unless banking-related) 👉 At mortgage brokerages: 🔐 The most regulated — both company and each LO need a license, plus each location must be licensed too. No shortcuts! Want to know who really needs a license and who does
1:15
NMLS confusion? Let’s clear it up. Here’s how NMLS licensing affects: 🏛 FDIC Banks 🏦 Retail Lenders 📉 Mortgage Brokers 👉 At big banks: Yes, loan officers get an NMLS number—but no license exam or 20-hour class required! 😲 👉 At retail lenders: ✅ NMLS license is required (unless banking-related) 👉 At mortgage brokerages: 🔐 The most regulated — both company and each LO need a license, plus each location must be licensed too. No shortcuts! Want to know who really needs a license and who does
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