Before you can get your first MLO (Mortgage Loan Originator) license in Indiana, you are required to finish 20 hours of NMLS-approved classes, split up like this:

If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.

A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.

Earning your mortgage broker license in Indiana should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Indiana:

On an annual basis, Indiana MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:

Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure there are no issues with the “successive years” rule.

The deadline to complete CE in Indiana is December 31st. MLOs in Indiana are actually prevented from applying for license renewal until they have completed their CE.

Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Indiana mortgage license. For additional questions, feel free to email [email protected] or use our Wizmo online chat during business hours for assistance.