What must individuals apply for licensure as a mortgage loan originator complete prior to approval?

Individuals applying for licensure as a mortgage loan originator must complete a process that includes the submission of fingerprints for submission to the FBI. This requirement is in place to ensure that the applicant has undergone a thorough background investigation, which is critical in maintaining the integrity and safety of the mortgage lending industry.

The fingerprints are used to check the applicant's criminal history, which is an essential part of the vetting process. It helps regulatory bodies assess any potential risks associated with the individual's past behavior that could impact their ability to responsibly handle financial transactions.

This process aligns with the NMLS's goal of ensuring that only qualified and trustworthy individuals are licensed to originate mortgage loans, thereby protecting consumers and maintaining trust in the financial system.