What is required from mortgage loan originators to obtain a license from NMLS?

To obtain a license from the Nationwide Mortgage Licensing System (NMLS), mortgage loan originators are required to submit fingerprints for a background check. This step is crucial as it helps ensure that individuals who engage in mortgage lending have the necessary character and integrity to operate in a highly regulated industry. The background check examines the applicant's criminal history and other relevant information to assess their suitability for licensing.

While other factors such as employment history, application forms, and sponsorship might be important for specific circumstances or processes, the requirement for fingerprint submission is a fundamental and non-negotiable part of the licensing process. It serves as a safeguard to protect consumers and maintain trust in the mortgage lending profession.