Licensing Requirements
The SAFE Act requires Ohio licensed mortgage loan originators to meet minimum licensing standards. The minimum requirements to be licensed mortgage loan originator under the Ohio Mortgage Broker Act (OMBA) are:
- Complete 24 hours of NMLS-approved prelicense education. The education must include a minimum of:
- four hours of Ohio mortgage law;
- three hours of federal mortgage law;
- three hours of ethics;
- two hours related to the nontraditional mortgage market place.
- Pass the national component of the SAFE MLO Test and the Ohio component of the SAFE MLO Test.
- Submit fingerprints to the NMLS for a criminal background check.
- Authorize a credit report within the NMLS.
- Register and obtain a Unique Identifier with the NMLS.
The minimum requirements to be licensed mortgage loan originator under the Ohio Mortgage Loan Act (OMLA) are:
- Complete 20 hours of NMLS-approved prelicense education. The education must include a minimum of:
- three hours of federal mortgage law;
- three hours of ethics;
- two hours related to the nontraditional mortgage market place.
- Pass the national component of the SAFE MLO Test and the Ohio component of the SAFE MLO Test.
- Submit fingerprints to the NMLS for a criminal background check.
- Authorize a credit report within the NMLS.
- Register and obtain a Unique Identifier with the NMLS.
For information on Ohio licensing requirements, visit the Ohio Division of Financial Institutions
website or the Nationwide Mortgage Licensing System
website.