Let’s explore the MLO license education requirements in Ohio. To obtain an MLO license, individuals in Ohio must complete 24 hours of NMLS-approved pre-licensing education. This education covers federal law, ethics, non-traditional mortgage lending, elective education, and Ohio-specific topics.
As mentioned, Ohio MLO applicants must complete 24 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, 12 hours of elective education, and 4 hours of Ohio state-specific defined electives.
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 Ohio MLO Application Checklist provided by the NMLS to assist you in the application process. You can view the full checklist using the link below.
Aspiring MLO’s in Ohio are required to complete 24 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 Ohio with My Mortgage Trainer today. View our course and test preparation options here.
Ohio MLO applicants must also complete 4 hours of Ohio Division of Financial Institutions Consumer Finance Section (Division) defined electives, covering required topics such as the licensing and operation of Mortgage Lenders and Brokers, as well as the licensing and operation of mortgage loan originators. Explore our online self-study option now.
In addition to meeting Ohio’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!