Mortgage Resources

Mortgage Resources Overview:

Have questions about the Mortgage program? See below for answers about licensing requirements, frequently asked questions, and helpful links to the Department of Financial Services website for license renewal and testing information.


As per NY state law, all applicants must be 18 years of age or older to obtain a Mortgage Loan Originator license.

FAQ’s | Question List:


FAQ’s | Answer List:

An individual who for compensation or gain in the expectation of compensation or gain takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.

The following are needed:

  • Criminal background check
  • Credit report check
  • Pre-licensure testing
  • 20 – Hours worth of Pre-licensure education

MLO applicants may not engage in mortgage loan originating activities until their application has been approved and published in the NY State Department Mortgage Loan Originator Department’s Weekly Bulletin.

Sign up on the NMLS website to make an appointment to take your test, and for locations. Click here to find and select a location.

The Secure and Fair Enforcement Mortgage Licensing Act (SAFE Act) requires licensed Mortgage Loan Originators to complete 11 hours of NMLS-approved continuing education as a condition of renewing the MLO license annually.

Helpful Links

For your convenience here are some links to the New York State Department of Financial Services and NMLS websites. There you will be able to find out even more about licensing requirements, renew your license, and more.