Mortgage licensing / South Dakota
South Dakota Mortgage Loan Originator License
individual licence · NMLS SDORIGINATOR_I · DOB
This license is for any individual who, for compensation or gain, or in the expectation of compensation or gain takes a mortgage loan application or offers or negotiates terms of a mortgage loan.
Requirements (2)
Step 1
Company Sponsorship: A sponsorship request must be submitted by your employer. Company must be licensed as a Mortgage Lender, Mortgage Broker, or Exempt Mortgage Company in South Dakota for the license to be approved. SD will review and accept or reject the sponsorship request.Submitted via: NMLS
Step 2
Employment History: The business address listed in the Employment section of the Individual Form (MU4) must match the address of the registered location in the Company Relationship.Submitted via: NMLS
General information
Who Is Required To Have This License?
This license is for any individual who, for compensation or gain or in the expectation of compensation or gain, takes a mortgage loan application or offers or negotiates terms of a mortgage loan.
Company must hold an Approved license as a Mortgage Lender, Mortgage Brokerage, or Exempt Mortgage Company in South Dakota before applying for this license.
Pre-licensure Education: Prior to submission of the application, complete at least 20 hours of NMLS-approved pre-licensure education (PE) courses.
Testing: Must satisfy the following condition:
Passing results on the National Test Component with Uniform State Content
South Dakota Division of Banking does not issue paper licenses for this license type.
Other South Dakota mortgage licenses
- Exempt Mortgage Company Registration
- Mortgage Branch Registration
- Mortgage Brokerage License
- Mortgage Lender License
- Non-Residentital Mortgage Lender License
- All 6 South Dakota licenses
Sourced from the NMLS/CSBS state licensing record, last updated September 8, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.