MLO License Education Requirements in New Jersey

Overview of Education Requirements in New Jersey

Let’s explore the MLO license education requirements in New Jersey. To obtain an MLO license, individuals in New Jersey must complete 20 hours of NMLS-approved pre-licensing education. This education covers federal law, ethics, non-traditional mortgage lending, elective education, and New Jersey-specific topics.  

State Specific MLO License Education Requirements in New Jersey

As mentioned, New Jersey MLO applicants must complete 20 hours of NMLS-approved education. This education includes 3 hours of Federal law, 3 hours of ethics (covering fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 8 hours of elective education, and 4 hours of New Jersey state-specific defined electives.

Application Process

In addition to completing pre-licensing education, you will also need to pass the National MLO Exam and undergo a criminal background check before licensing. Utilize the New Jersey MLO Application Checklist provided by the NMLS to assist you in the application process. You can view the full checklist using the link below.

View the New Jersey Application Checklist

At a Glance

  • NMLS Approved Education: 20 Hours
  • NJ State Specific Education: 4 Hours
  • NJ License Fee: $150.00
  • NMLS Processing Fee: $30.00
  • Credit Report Fee: $15.00
  • Background Check Fee: $36.25

Completing your SAFE20 Education

Aspiring MLO’s in New Jersey are required to complete 20 hours of NMLS approved SAFE education prior to licensure. My Mortgage Trainer offers a range of format options for the 20-hour course to cater to your study needs and accommodate your schedule. Begin your journey towards MLO licensure in New Jersey with My Mortgage Trainer today. View our course and test preparation options here.

Completing Your New Jersey Education

New Jersey MLO applicants must also complete 4 hours of New Jersey Department of Banking & Insurance defined electives, covering required topics such as License Law & Regulation, Prohibited Conduct, Required Conduct, Disclosures, and Advertising. Explore our New Jersey online self-study option below. 

Additional Info on Requirements for Becoming a Licensed MLO in New Jersey

In addition to meeting New Jersey’s pre-licensing education requirements, you must also pass the NMLS National MLO Exam and acquire your NMLS ID Number. We have developed informational videos to guide you through obtaining your NMLS ID, scheduling the exam, and excel with valuable tips. Subscribe to our YouTube Channel for more great tips and industry-related news!