Massachusetts Mortgage License Requirements
Learn about the Massachusetts mortgage education requirements for mortgage licensing.
In the state of Massachusetts, mortgage loan originators are required to:
- Complete a federal and state Criminal Background Check (CBC).
- Authorize a credit report through the NMLS.
- Fulfill all state and federal education requirements as designated by your state agency.
- Take and pass a National Test.
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 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 Mortgage Licensing:
- Massachusetts Division of Banks
- Phone: 617-956-1500
- Email: nmls@mass.gov
- Website: www.mass.gov/orgs/division-of-banks
NMLS Resources:
- Massachusetts MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing