Credit Report Requirement
Every state licensed mortgage loan originator must have their credit report processed through the NMLS. The credit report functionality in NMLS will require the MLO to complete an identity verification process in which the MLO will sign into the NMLS site and answer personal questions about themselves. Credit report fees are $15.00 and non-refundable.
TIP* If you are looking to become a loan officer but your credit might be holding you back, we recommend contacting a credit agency. They are great at finding negative credit errors and helping boost your credit score. We recommend visiting CreditRepair.com or giving them a call to see if they can help 855-429-1525.
If you need further details or instructions please refer to the NMLS Credit Report Submission Quick Guide