The Pre-Licensing Process

In certain cases, you can rush the licensing process a bit. 

Who is eligible?

Only Loan Officer applicants who are already in the loan origination business and have more than 18 months of experience with no criminal background.

Unfortunately, this program is NOT for Mortgage Broker applicants.

How does it work?

Essentially, you can apply for the Loan Officer License today, so your licensing process can start faster and you can originate loans as soon as the license is issued.  The process generally takes about 2 weeks instead of 4-6 weeks for the normal process.

Additionally, you can (temporarily) skip the education and exam part of the process.

You MUST carefully ensure that your license is perfectly completed before submission or your application will be kicked out into the regular processing pool.

A 90-day provisional license will be issued allowing sufficient time for the loan officer to acquire the appropriate educational hours and pass the pre-licensing examination.  Watch the deadline because no extension will be given in order to complete these requirements.

   1. In addition to the application  http://www.sml.state.tx.us/MBApplicationForm.htm

   2. You must sign this form. http://www.sml.state.tx.us/Expedited_LO_ProcessingForm.htm

Expedited Provisional Loan Officer License Rules

A loan officer applicant may be issued an expedited provisional license if all of the following requirements are met:

· Pays an additional non-refundable/non-transferable fee of $100 in addition to the regular loan officer application processing fee of $329.25;

· Has at least 18 months of experience, earned during the last 20 months immediately proceeding the application submission, as a loan officer employed by a person exempt from the Mortgage Broker License Act (MBLAct) under §156.202;

· Otherwise qualified for a loan officer license with the exception of meeting the educational and pre- licensing examination requirements;

· Has NO criminal charges and has not been convicted of a criminal offense as defined by the MBLAct §156.204(d); and

· Submits a complete and accurate application.

How do I rush the license application?