The NMLS Renewal Process: What Mortgage Brokers Need to Know

Step 2: Complete required continuing education

Most states require mortgage brokers to complete a certain number of hours of continuing education (CE) as a condition of license renewal. The number of hours required and the types of courses that are accepted may vary by state, so be sure to check with your regulatory agency for specific requirements. Some states may also require you to complete additional training or testing if you are renewing a license that has been inactive for a certain period of time.

Step 3: Update your NMLS record

Before you can renew your license, you will need to update your NMLS record to ensure that all of your personal and professional information is accurate and up to date. This includes your contact information, employment history, and any criminal or disciplinary actions that may have occurred since your last renewal.

Step 4: Submit your renewal application

Once you have completed the required CE and updated your NMLS record, you can submit your renewal application through the NMLS website. Be sure to include any required documentation, such as proof of CE completion, and pay the renewal fee.

Step 5: Wait for approval

After you submit your renewal application, it will be reviewed by your regulatory agency. If everything is in order, your license will be renewed and you will receive notification of approval. If there are any issues with your application, you may be contacted by the regulatory agency for additional information or clarification.

Tips for a successful NMLS renewal

• Start early: Don't wait until the last minute to begin the renewal process. Start preparing well in advance of your renewal date to ensure that you have plenty of time to complete all of the required steps.
• Stay up to date: Make sure to keep track of any changes to your personal or professional information that may affect your license status. This includes any criminal or disciplinary actions, changes in employment, or updates to your contact information.
• Understand the requirements: Familiarize yourself with the specific requirements for license renewal in your state, including the number of hours of CE required and any additional training or testing that may be necessary.
• Keep records: Keep copies of any documentation that you may need to submit with your renewal application, such as proof of CE completion. This will make it easier to complete your application and avoid any delays.



By following these tips and staying on top of the NMLS renewal process, you can ensure that your mortgage broker license remains active and in good standing.