Mortgage Loan Originator (MLO) Continuing Education
All Mortgage Loan Originators licensed in Washington must fulfill continuing education requirements each calendar year.
MLO Continuing Education Requirements
Any MLO licensed by July 30, 2009 must meet the following education requirement to be eligible to renew for 2010:
- Complete 8 hours of approved continuing education in 2009. Two of those hours must be in ethics and include the topics of fraud, consumer protection and fair lending.
- The 8 hours can be taken from either Washington approved providers (PDF) or Nationwide Mortgage Licensing System and Registry (NMLSR) approved providers.
Any MLO licensed on or after July 31, 2009 must meet the following education requirement to be eligible to renew for 2010:
- Complete 20 hours of NMLSR approved pre-licensing education. Several of the 20 hours must cover ethics, federal law & regulation and lending standards for the nontraditional mortgage product marketplace.
- All 20 hours must be taken from a NMLSR approved provider.
Keep Your Continuing Education Certificates
As part of your renewal each year, you may be asked to provide DFI with a copy of your continuing education certificates or information about which courses you completed.
Approved Continuing Education Providers And Courses
Continuing Education Declaration Forms
- Loan Originator: Print Only (PDF)* or Fillable (Word)***
- Designated Broker: Print Only PDF* or Fillable Word***
For Washington Continuing Education Providers
How To Apply To Become A Continuing Education Provider
Effective June 30, 2009:
The Washington Department of Financial Institutions (DFI) will no longer accept applications from providers of mortgage continuing education. If you wish to provide mortgage continuing courses to mortgage licensees you must first receive approval from the Nationwide Mortgage Licensing System and Registry (NMLS).
Quarterly Reports For Continuing Education Providers
Beginning January 15, 2008 continuing education providers and professional organizations will have to provide a roster of who took their continuing education courses.
For 2009 the quarterly reports are due to DFI on January 10, April 10, July 10 and October 10.
Report Templates
Contact Us
If you have any questions about Loan Originator continuing education requirements, feel free to contact us by phone at 360-902-8703 or toll free at 1-877 RING DFI (746-4334).
You may also email us at dcs@dfi.wa.gov.
Related Pages
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
** This document is a Microsoft Excel file, and you will need Microsoft Excel or Excel Viewer to open it. If you don't have Microsoft Excel installed on your computer, you may download the Excel Viewer for free from Microsoft.
*** This document is a Microsoft Word file, and you will need Microsoft Word to view it. If you do not have Microsoft Word installed on your machine, you can download the free Microsoft Word Viewer.
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