New Jersey Mortgage License Requirements
Learn about the New Jersey mortgage education requirements for mortgage licensing.
In the state of New Jersey, mortgage loan originators are required to:
- Complete a state and federal 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.
- Satisfaction of character and fitness requirements.
New Jersey 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
- 8 hours of electives
- 4 hours of New Jersey state-specific education
New Jersey Continuing Education Requirements:
State-licensed MLOs are required to complete 12 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
- 3 hours of electives
- 2 hours of New Jersey 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.
New Jersey Mortgage Licensing:
- New Jersey Department of Banking and Insurance
- Phone: 609-292-7272
- Email: bliconline@dobi.state.nj.us
- Website: www.state.nj.us/dobi
NMLS Resources:
- New Jersey MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing