NMLS License South Dakota: Get Your South Dakota Mortgage Loan Originator License in 2026!

South Dakota Pre-Licensing Education

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Obtaining a mortgage license and becoming a mortgage loan originator involves a simple process in which you will need to complete your state-specific education requirements and take and pass a National exam. Once these two steps have been completed, you're well on your way to becoming a licensed Loan Originator!

How to Get an NMLS Mortgage License in South Dakota

Step 1

Apply for Your NMLS Account and ID Number

You need to get an account on the NMLS website to apply for your South Dakota MLO (mortgage loan originator) license and coordinate the remaining steps of the process.

Step 2

Schedule Pre-License Mortgage Education Classes

To become an MLO and get your license, South Dakota requires MLO’s to complete 20 hours of NMLS-approved education.

Step 3

Schedule an MLO License Test

Once you’ve passed your classes, it will be time to schedule an official national exam.

Step 4

Get Through Background Screening

You’ll need to pay several fees to complete the required background checks. Learn the steps here.

Step 5

Submit Your South Dakota Mortgage License Application

When you pass your exam with flying colors, celebrate and then complete your license application. Use the documentation from the previous steps to get it all ready.

Step 6

Add Your Employer to Your NMLS Account

Your South Dakota MLO license will be active only when you add your sponsor (employer) to your NMLS account. Use this guide to get started.

Getting Your Mortgage License in South Dakota

A South Dakota mortgage license is not only your path to a fulfilling career but also a way to serve the community. If you’re willing to put in the time and effort, you'll soon be able to help others achieve their dreams of having their own property.

We’ll make earning your South Dakota mortgage license easy and convenient. We offer great course bundles that meet South Dakota’s education requirements, including an NMLS test prep course to help you succeed in the national exam.

South Dakota Frequently Asked Questions

South Dakota Mortgage License Education Requirements

Topic	Hours Required
Fair Lending, Ethics, Fraud, and Consumer Protection	3 Hours
Federal Laws and Regulations	3 Hours
Non-Standard Lending	2 Hours
Undefined Electives	12 Hours
Total 20 Hours

What is the PE Expiration Policy in South Dakota?

What's the Difference Between an South Dakota Mortgage Broker License and an South Dakota Loan Officer License?

Cost of Getting Your South Dakota Mortgage Originator License

NMLS Fees
NMLS Initial Processing Fee	$30
Credit Report	$15
FBI Criminal Background Check	$36.25
South Dakota Application Fee	$150
Total License Cost	$231.25

South Dakota Continuing Education Requirements

Topic	Required Hours
Federal Regulations and Law	3 Hours
Ethics, including consumer protection, fair lending	2 Hours
Non-Traditional mortgage lending	2 Hours
South Dakota Specific Education	1 Hour

Additional Questions?