Mortgage · Indiana
Indiana MLO courses, 100% online
Every RealEstateU course for Indiana in one place: pre-licensing and continuing education. State-approved and self-paced.
Choose your Indiana MLO course
Indiana mortgage FAQs
Yes. The Indiana Department of Financial Institutions (DFI) states that the required 20 hours of Nationwide Multistate Licensing System (NMLS)-approved pre-licensing education may be completed online or in person, and Indiana rule 750 IAC 9-3-5 permits classroom, online, or other approved delivery. On the DFI track, courses are not required to be specific to Indiana; the Secretary of State (SOS) track requires 2 hours of Indiana law within the 20.
Yes. Indiana mortgage licensing is processed through NMLS, and the individual MLO path can be completed online: NMLS-approved pre-licensing education is offered online or in person, the application (Form MU4) is filed in NMLS, and the criminal background check and credit report are requested through the system. Neither the Indiana DFI nor the Secretary of State issues paper licenses.
Yes. Indiana accepts the 20 hours of NMLS-approved pre-licensing education completed online or in person, and on the Department of Financial Institutions (DFI) track the courses are not required to be specific to Indiana. The coursework must include 3 hours of federal law, 3 hours of ethics, 2 hours on non-traditional mortgage products, and electives. On the Secretary of State track, the 20 hours must include 2 hours of Indiana content and be completed within 2 years before applying.
No. Indiana requires an MLO license for anyone who, for compensation, takes a residential mortgage application or offers or negotiates the terms of a residential mortgage loan. Loan processors and underwriters working exclusively as employees of licensed companies are excluded from the requirement. Working without a license can bring civil penalties of up to $10,000 per violation.
Yes. The Indiana Mortgage Lending License is filed through NMLS, the online nationwide licensing system, and the Department of Financial Institutions' Consumer Credit Division processes it. Indiana does not issue paper licenses; the license record lives in NMLS. Application checklists are available through the NMLS Resource Center.
Yes. Mortgage loan originator licenses are issued state by state, and an originator licensed in another state must obtain an Indiana license to originate loans in Indiana. A qualified out-of-state originator may operate under Temporary Authority for up to 120 days while the Indiana application pends, provided the originator held a license continuously for the 30 days before applying and meets the background-check qualifications.
It depends on the employer. Indiana rule 750 IAC 9 excludes loan processors and underwriters who work exclusively as employees of a licensed or exempt mortgage company from the mortgage loan originator definition, so they need no MLO license. An underwriter who is not such an employee must obtain an MLO license and unique identifier to engage in residential mortgage activities.
No, not always. In Indiana, loan processors and underwriters who work exclusively as employees of a licensed or exempt mortgage company are excluded from the mortgage loan originator definition. An underwriter who is not an employee of a licensed or exempt person must obtain an MLO license and unique identifier to engage in residential loan-originating activity.
It depends on your employer. Under Indiana rule 750 IAC 9, a loan processor or underwriter who works exclusively as an employee of a licensed or exempt mortgage company is excluded from the mortgage loan originator definition and needs no separate MLO license. A processor who is not such an employee must obtain an MLO license and unique identifier to engage in residential mortgage activities. On the Secretary of State (SOS) track, employees of a registered loan processing company must be licensed as MLOs with an "Approved-Conditional" status that permits processing activities only.
It depends on how you work. Indiana's rule excludes loan processors and underwriters who work exclusively as employees of a licensed or exempt mortgage company, so they do not need an MLO license. An underwriter who is not an employee of a licensed or exempt person must obtain an MLO license and a unique identifier to engage in residential mortgage activities.