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Mortgage licensing / Michigan

Michigan Mortgage Loan Originator License

individual licence · NMLS MIORIGINATOR_I · DIFS

This license is required of any individual, who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application, offers or negotiates terms of a residential mortgage loan, and who is not an employee of a depository financial institution or a subsidiary of a depository financial institution.

Requirements (4)

  1. Step 1

    Company Sponsorship: A sponsorship request must be submitted by your employer. Michigan will review and accept or reject the sponsorship request. A deficient status means the sponsoring company has a pending Michigan application.

    Submitted via: NMLS

  2. Step 2

    Employment History: The present employer listed in the Employment History section must match the sponsoring employer business name.

    Submitted via: NMLS

  3. Step 3

    Individual MLO Surety Bond: Provide an original, signed surety bond form FIS 2135 with Power of Attorney. Name and address on bond should match name and address on NMLS. OR Company MLO Surety Bond: Sponsoring Company provides an original, signed surety bond form FIS 2137 with Power of Attorney. Company name on bond must match name filed with the Michigan Corporation Division including all assumed names to be used in Michigan. Note: An MLO is automatically be added to the Company MLO Surety Bond once a sponsorship request is accepted in NMLS. It is unlawful to engage in the business of an MLO in Michigan without a surety bond. Note: An MLO bond is required pursuant to Section 29 of the Mortgage Loan Originator Licensing Act, 2009 PA 75. This is not the same bond as required by a company pursuant to Section 4 of the Mortgage Brokers, Lenders, and Servicers Licensing Act, 1987 PA 173, or Section 6 of the Secondary Mortgage Loan Act, 1981 PA 125. In other words, a company bond submitted for a mortgage broker, lender, and/or servicer license/registration cannot be used for the MLO bond requirement

    Submitted via: Mail Original Signed Bond to Michigan Department of Insurance and Financial Services

  4. Step 4

    Credit Report Explanations: Submit a line by line, detailed letter of explanation of all derogatory credit accounts along with proof of payoffs, payment arrangements and evidence of payments made, or evidence of any formal dispute filed (documents must be dated). Accounts to address include, but are not limited to: collections items, charge offs, accounts currently past due, accounts with serious delinquencies, repossessions, loan modifications, etc. Note: Items regarding bankruptcy, foreclosure actions, outstanding judgments or liens, or delinquent child support payments should be addressed in the Disclosure Explanations section of your Individual Form (MU4). This document should be named Credit Report Explanations – Sub Name – Document Creation Date.

    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? This license is required of any individual, who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application, offers or negotiates terms of a residential mortgage loan, and who is not an employee of a depository financial institution or a subsidiary of a depository financial institution. • Reference to Mortgage Loan Originator Licensing Act, 2009 PA 75 http://legislature.mi.gov/doc.aspx?mcl-Act-75-of-2009 • Michigan Department of Insurance and Finance Services does not issue paper licenses for this license type. Pre-licensure Education: Prior to submission of the application, complete at least 20 hours of NMLS-approved pre-licensure education (PE) courses which must include 2 hours of Michigan content. MCL 493.141(7) PE Expiration: An individual who (1) fails to acquire a valid license or federal registration within 3 years from the date of initial completion of any approved PE course; or (2) has obtained a license or federal registration but subsequently did not maintain an active license or federal registration for at least 3 years, must complete 20 hours of PE in order to be eligible for state licensure. Note: Late continuing education may be required before applying. Testing: Must satisfy one of the following three conditions: 1. Passing results on both the National and Michigan State components of the SAFE Test, or 2. Passing results on both the National and Stand-alone UST components of the SAFE Test, or 3. Passing results on the National Test Component with Uniform State Content

Other Michigan mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated August 22, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

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