Loan Originator, Mortgage License in Michigan
Quick Answer
Michigan requires 22 hours of pre-licensing education (including 2 hours MI-specific content), passing the SAFE MLO Test, a $250 license fee, $30 processing fee, and fingerprint-based background check.
- Education Required
- 22 hours
- Exam
- NMLS SAFE MLO Test
- Total Cost
- $400 (est.)
- Timeline
- 1-3 months
- Background Check
- Required
- Renewal
- Every Annually (December 31)
Requirements
Loan Originator, Mortgage license in Michigan
Estimated Costs Est.
- Application Fee
- $250
- Total Estimated Cost
- $400
Cost Breakdown
Estimated costs for getting your Loan Originator, Mortgage license in Michigan. Values marked "Est." are extracted from official descriptions.
Enter the cost of your pre-licensing education program
Fees marked "Est." are extracted from official descriptions and may not reflect current pricing. Verify with the Michigan licensing board.
Loan Originator, Mortgage Salary in Michigan
Entry Level
$34,690
Median
$72,680
Experienced
$136,390
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 Originator, Mortgage in Michigan.
- 1
Submit Background Check
No criminal record prohibitions
- 2
Submit Your Application
File your application with the licensing agency. Application fee: ~$250.
- 3
Receive Your License
Processing typically takes 1-3 months.
Loan Originator, Mortgage Licensing in Michigan: What to Know
Michigan licenses mortgage loan originators through the Department of Insurance and Financial Services (DIFS). The COS data provides extensive detail: 22 hours of pre-licensing education (3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage marketplace, 12 hours elective, plus 2 hours Michigan-specific content). Applicants must pass the NMLS SAFE MLO Test with both national and Michigan state components. Fees include $30 processing, $250 license fee, $15 credit report fee, and $36.25 FBI fingerprint/background check fee. Michigan goes beyond the federal 20-hour minimum by requiring 2 additional hours of state-specific education content. MLOs must be sponsored by a licensed mortgage company.
Frequently Asked Questions
- How much does a Loan Originator, Mortgage license cost in Michigan?
- The estimated total cost is $400, including application fees, and education costs.
- How long does it take to get a Loan Originator, Mortgage license in Michigan?
- The process typically takes 1-3 months, depending on education completion and exam scheduling.
- What exam do I need for a Loan Originator, Mortgage license in Michigan?
- You need to pass the NMLS SAFE MLO Test. N/A
Considering another state?
Compare Loan Originator, Mortgage requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.