Find the Answers to Your Loan Originator Education Questions
We are here to help! Here is a list of the most frequently asked questions about Texas Loan Originator education. If your questions are not listed below, or if you need additional help, please contact us!
Loan Originator PE Questions
Answers to common questions related to Loan Originator Pre-Licensing Education. Learn More
Loan Originator CE Questions
Answers to common questions related to Loan Originator Continuing Education. Learn More
Loan Originator Pre-Licensing Education Questions
What are the Texas Requirements for Loan Originator?
You must complete the 20-Hour National component as well as the 3-Hour Texas component.
I am a licensed Loan Originator in another state. Do I have to take the 20-Hour National class?
No. If you are an active, licensed Loan Originator in another state, you will just need to complete the 3-hour class before taking the state exam.
What is the application fee?
Texas MLO License: $300
Recovery Fund: $10
License Filing Fee: $30
Criminal Background Check: $36.25
Sponsorship fee: $25
Credit Report Request: $15
What is the exam fee?
The Prometric exam fee is $110.00
I signed up for the online Loan Originator classes. Is there a time limit?
Yes. When you registered online, you selected a time frame. Your courses will need to be completed within that time frame window.
As of 3/17/2017, the NMLS renewal fee for Texas licensees is $70.00. The reinstatement fee is $30.00. Licensees will pay an additional annual processing fee, per license, to NMLS (Company-$100, Branch-$20, Individual-$30
Does Champions offer late CE?
Champions typically offers an 8-Hour Loan Late CE option via Learn Mortgage (Hondros), a third-party online education provider. If there is currently a Late CE option available, there will be a separate course listing on our Loan Originator Contuning Education page.