LOAN BROKERS License in Illinois
Quick Answer
Illinois requires 20 hours of NMLS-approved education plus state-specific content, passing the SAFE MLO Test, and licensing through the IDFPR via the NMLS system.
- Education Required
- 20 hours
- Exam
- NMLS SAFE MLO Test
- Timeline
- 1-3 months
- Background Check
- Required
- Renewal
- Every Annually (December 31)
Requirements
LOAN BROKERS license in Illinois
LOAN BROKERS Salary in Illinois
Entry Level
$47,170
Median
$75,960
Experienced
$137,160
Source: Bureau of Labor Statistics. Salary data is for informational purposes only.
How to Get Licensed
Step-by-step roadmap to becoming a licensed LOAN BROKERS in Illinois.
- 1
Submit Background Check
No criminal record prohibitions
- 2
Submit Your Application
File your application with the licensing agency.
- 3
Receive Your License
Processing typically takes 1-3 months.
LOAN BROKERS Licensing in Illinois: What to Know
Illinois licenses mortgage loan originators through the Department of Financial and Professional Regulation (IDFPR). The COS database returned only a generic 'Loan Brokers' listing for Illinois without MLO-specific details. Under the federal SAFE Act, all Illinois MLOs must complete at least 20 hours of NMLS-approved pre-licensing education, pass the NMLS SAFE MLO Test, undergo a criminal background check, and authorize a credit report. Illinois requires additional state-specific pre-licensing education beyond the federal minimum. Applications are processed through the NMLS. Illinois requires a surety bond for mortgage companies employing MLOs.
Frequently Asked Questions
- How long does it take to get a LOAN BROKERS license in Illinois?
- The process typically takes 1-3 months, depending on education completion and exam scheduling.
- What exam do I need for a LOAN BROKERS license in Illinois?
- You need to pass the NMLS SAFE MLO Test. N/A
Considering another state?
Compare LOAN BROKERS requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.