Reglith

Mortgage licensing / Illinois

Illinois Mortgage Loan Originator License

individual licence · DFPR

This License is required for an individual who, for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application, or offers or negotiates terms of an Illinois residential mortgage loan. Note: individuals must be employed by an Illinois residential mortgage licensee, may be employed by no more than one Illinois residential mortgage licensee at a time, and all individuals meeting the definition must be licensed including owners of entities with Illinois residential mortgage licenses.

Requirements (2)

  1. Step 1

    Company Sponsorship: A sponsorship request must be submitted by your employer. IL will review and accept or reject the sponsorship request. IL offers an “Approved-Inactive” license status. If you are not currently employed by a mortgage company (or your employer has not yet requested sponsorship on your behalf) and you have completed all requirements for this license, the license may be issued as “Approved-Inactive” until sponsorship by a mortgage company is acquired. While in an “Approved-Inactive” status, you are NOTauthorized to conduct business under the authority of the IL Mortgage Loan Originator License.

    Submitted via: NMLS

  2. Step 2

    IL State Specific Disclosures - These questions must be answered during or after the submission of your Individual Form (MU4). Please print, answer and upload answers in NMLS. 1. Are you currently more than 30 days delinquent in complying with a child support order or certified by a court as being in violation of the Non-Support Punishment Act for more than 60 days? If YES, please upload in NMLS in the Disclosure Explanations section of the Individual Form (MU4) a copy of your court ordered payment plan. Yes ___ No___ 2. Have you defaulted on an educational loan or scholarship provided by or guaranteed through the Illinois Student Assistance Commission or other governmental agency of Illinois? If YES, please upload in NMLS in the Disclosure Explanations section of the Individual Form (MU4) a copy of your court ordered payment plan. Yes ___ No___ 3. Have you failed to file a return, or to pay the tax, penalty, or interest shown in a filed return, or to pay any final assessment of tax, penalty, or interest, as required by any tax Act administered by the Illinois Department of Revenue? If YES, please upload in NMLS in the Disclosure Explanations section of the Individual Form (MU4) a copy of your payment plan. Yes ___ No___

    Submitted via: Upload in NMLS: Upload document in NMLS in the Agency Guidance section under Document Type Credit Report Explanations.

General information

Who Is Required To Have This License? For the purpose of obtaining a Mortgage Loan Originator license in Illinois, pursuant to the Illinois Residential Mortgage License Act of 1987 [205 ILCS 635/Art.VII] and the related Rules promulgated thereunder. (“Rules”)[38 Ill. Adm. Code 1050.370]. An applicant needs to be sponsored by an Illinois Residential Mortgage Licensee (“Licensee”). A sponsorship request must be submitted by the Licensee before an application request will be approved. If the applicant is not currently employed by a Licensee, the license will be issued as “Approved-Inactive” until sponsorship by a Licensee is acquired. You are not authorized to conduct business in an “Approved-Inactive” status. Note to Service Members: For the purpose of obtaining a Mortgage Loan Originator license in Illinois, please refer to the Illinois Temporary Military Mortgage Loan Originator License New Application Checklist. All Individual Forms (MU4) filed with the Department must be complete. Any deficiencies must be addressed pursuant to Rules Section 1050.370. Failure to comply with all the requirements WITHIN 90 DAYS OF THE INITIAL DATE OF YOUR Individual Form (MU4) FILING WITH THE DEPARTMENT MAY RESULT IN YOUR APPLICATION BEING DEEMED WITHDRAWN. If an application is withdrawn and an applicant subsequently wants to become an MLO in Illinois, the applicant will be required to resubmit an application through the NMLS and pay the initial license request fees. Your application for registration will be DEEMED WITHDRAWN if additional information requested has not been submitted within 21 business days of the request. The Illinois Department of Financial and Professional Regulation, Division of Banking, does not issue paper licenses for this license type. Activities Authorized Under This License This license authorizes the following activities… • A mortgage loan originator is authorized to take a residential mortgage loan application, offer, negotiate terms of a residential mortgage loan, and engage in loan modification activities. • Agency specific requirements on the checklist below must be received within 5 business days of the electronic submission of your application through the NMLS.

Other Illinois mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated March 26, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.

Stop missing the rule that costs you a loan.