Massachusetts Mortgage License Requirements
Application Requirements to become licensed in Massachusetts:
| Description | Requirement |
|---|---|
| Temporary Authority to Operate Eligible | Yes |
| Application Fee | $115.00 |
| License Registration Fee | $500.00 |
| NMLS Processing Fee | $35.00 |
| Sponsorship Fee* | $70.00 |
| Credit Report Required | $15.00 |
| Criminal Background Check Required | $36.25 |
| Testing Required | Yes, passing score of 75% or higher |
| SAFE MLO Test Cost | $110.00 |
| Work Remote Allowed | Yes |
*Note: A sponsorship request must be submitted by your employer. MA will review and accept or reject the sponsorship request.
Massachusetts NMLS Pre-Licensing Education Requirements:
New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:
3 hours of federal law
3 hours of ethics
2 hours of non-traditional mortgage lending
9 hours of electives
3 hours of Massachusetts state-specific education
Note: Individuals who fail to maintain an active, valid license for at least 3 years must satisfactorily complete the twenty (20) hours of pre-licensing education plus MA specific pre-licensing within the three (3) year period immediately preceding the date of application for licensure.
Massachusetts Continuing Education Requirements:
State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:
3 hours of federal law
2 hours of ethics
2 hours of non-traditional mortgage lending
1 hour of Massachusetts state-specific education
MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.
Massachusetts Division of Banks Contact Info:
Email: nmls@mass.gov
Website: www.mass.gov/orgs/division-of-banks
