Will the transitional mortgage loan officer licensing changes affect the employment landscape for mo

Effective November 24, 2019, the new law allowing temporary authority to operate for licensed or federally registered mortgage professionals will go into effect. It will permit qualified originators who properly apply for a MLO (mortgage loan originator) license to originate mortgage applications while their license applications are in process. This law is logical and beneficial for mortgage companies and their sales professionals. It will primarily affect qualified MLO’s who are changing employment from a depository institution to a state-licensed mortgage company and qualified state-licensed MLO’s seeking licensure in an additional state(s). Specific details and frequently asked questions

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