Skip to main content

State Regulators Seek Input On MLO Licensing Test

Aug 25, 2020
Woman using a laptop.
Director of Events

State financial service regulators are seeking 100% participation in a new survey sent to licensed mortgage loan originators nationwide. The survey seeks information on a number of job functions as part of the regulators' process to validate a national licensing exam.
 
All state-licensed MLOs should receive an email invitation from the State Regulatory Registry, inviting them to take part in the survey, according to an announcement. The registry manages the Nationwide Multistate Licensing System. Licensed MLOs who do not complete the survey will receive a follow-up email before the survey closes on Sept. 25.
 
"I hope every licensee will take the survey to make sure we accurately test the knowledge and skills an MLO needs today. Restricting licenses to proficient new mortgage loan originators will help protect consumers from would-be bad actors," said Justin Accola, chair of the Mortgage Testing and Education Board. 
 
Additionally, the survey will inform a job analysis of mortgage originators as part of a process to ensure the validity of the SAFE MLO National Test. A job analysis is a standard practice in the testing industry to ensure licensure or certification exams reflect the knowledge and skills needed for a given profession.  
 
About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Aug 25, 2020
Some Question Lenders’ And Others’ Readiness To Use VantageScore 4.0

Following FHFA announcement Tuesday, doubts arise regarding potential changes that may be needed to move to VantageScore credit scoring

HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

President Trump Signs Big Beautiful Bill — Here's What It Means For Mortgage And Housing

What you need to know about the law as a mortgage professional and share with your clients

FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions