Become a Mortgage Loan Originator
With a UT-DFI MLO License

An MLO license is a Mortgage Loan Originator license. The license is issued by the Utah Department of Financial Institutions. It authorizes a compensated individual to take residential mortgage loan applications and negotiate the terms of residential mortgage loans secured by properties located within the state of Utah.

Several Utah MLO license requirements must be met before obtaining a license. 

• Complete 20 hours of NMLS approved pre-licensing coursework (the 20 Hour SAFE Comprehensive course).
• Sit for the National Mortgage Loan Originator test and pass the exam.
• Pay the required license fees through the Nationwide Multistate Licensing Service (NMLS). Attach the application with details of residency and employment history. 
• Complete fingerprinting to clear criminal background checks by the state and federal agencies.
• Submit a credit report that proves you can take financial responsibility.
• Be covered under an employer’s lending bond or obtain an individual surety bond.

The Utah Department of Financial Institutions issues an MLO license in Utah after these conditions are met.

The Utah Division of Financial Institutions (DFI) charges a license registration fee of $200.

Additional fees include $36.25 for an FBI criminal background check, an NMLS processing fee of $35, and a $15 credit report charge.

There is also the cost of completing an MLO license course in Utah. RealEstateU's 20-hour MLO pre-licensing course is offered for $199.

After completing the NMLS MLO pre-licensing course, you must pay $110 to take the National MLO SAFE test.

The total Utah MLO license cost works out to $595.25.

Several factors determine the time it takes to get an MLO DFI license in Utah.

• It takes about two weeks to obtain a unique identification number from NMLS. This period includes time taken for documentation and background checks. 
• The pre-license coursework is 20 hours and this will take 14 days to complete, even if you study at your preferred pace. 
• Schedule and pass the SAFE ACT MLO test.
• Go through the checklist of requirements for new applications located here!
• Next, the Utah Department of Financial Institutions will review your application and the time for it depends on the number of pending new applications. Typically, the time taken at this stage is thirty to sixty days.

Hence, get an MLO DFI license in Utah is 2 to 4 months after all the variables given above are considered.

The Utah MLO DFI license education requirement only includes the National 20-hour SAFE Comprehensive course. 

Check out the RealEstateU MLO license course in Utah by scrolling up to the course packages on this page.

If you act as a mortgage loan originator for pay or other compensation on behalf of a non-depository lender offering residential mortgage loans secured by real estate located in the state of Utah, you are required to obtain a Utah Mortgage Loan Originator (MLO) license. Acting as a mortgage loan originator means taking residential mortgage loan applications and/or negotiating the terms of residential mortgage loans.

Independent Contractor mortgage loan processors and mortgage loan underwriters are also required to obtain this license.

If you act as a mortgage loan originator for pay or other compensation on behalf of a non-depository lender offering residential mortgage loans secured by real estate located in the state of Utah, you are required to obtain a Utah Mortgage Loan Originator (MLO) license. Acting as a mortgage loan originator means taking residential mortgage loan applications and/or negotiating the terms of residential mortgage loans.

Independent Contractor mortgage loan processors and mortgage loan underwriters are also required to obtain this license.

Yes. The National 20-hour SAFE Comprehensive course can be taken online as an instructor-led course that is taken over a 14-day period.  

After completing the RealEstateU 20-hour coursework, you can apply online for an MLO license through the NMLS. However, you must go to an in-person center to submit your fingerprints and sit for the MLO SAFE ACT test.

An individual who has a Utah DFI Mortgage Loan Originator license can negotiate residential mortgage loan terms and take residential mortgage loan applications that have as security or collateral residential real estate located in Utah. In addition to “Mortgage Loan Originator”, some companies have titles such as “Loan Consultant,” “Mortgage Loan Officer,” or simply “Loan Officer" that apply to individuals filing these roles.

Generally, Mortgage Loan Originators work in Utah on commission. This might be a straight commission, some sort of draw against future commissions arrangement, or perhaps as salary plus commission.

Utah MLO employers who hire entry level mortgage loan originators understand that training and building a “pipeline” of business takes some time, so they may pay an initial salary.

Some jurisdictions in UT require general licenses for any business operating there. To get a license, register your business with the Utah Division of Corporations.

Starting an independent mortgage brokerage business in Utah will require that you complete the process of obtaining a UT Mortgage Broker License for your company or yourself as a broker, and a Mortgage Loan Originator License which authorizes you to engage in mortgage loan origination activities.

Absolutely! Utah is a dynamic and rapidly expanding state with one of the most robust economies in the country.

While its population is over 3.4 million, the key factor is that Utah is consistently one of the fastest-growing states in the nation. This powerful combination of explosive population growth and a thriving job market—famously nicknamed the "Silicon Slopes"—creates a sustained, high demand for housing. This, in turn, fuels a constant need for residential mortgage loans. The state's uniquely young demographic also points to long-term demand for new homes, making Utah a particularly flourishing and lucrative market for the mortgage business.

The NMLS approves online MLO courses for consumption on desktop and laptop computers. The NMLS has not approved MLO courses for use on small hand-held electronic devices such as the iPad, iPhone, tablets, phablets, smart phones, etc.
Students should only take MLO courses on a desktop or laptop.