Act 53 of Best Practices Guide. Scam Alerts. You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page. An Official Pennsylvania Government Website. Pennsylvania Department of State. State Athletics. Upon completion of the education course, you can enroll for the test and pay the fee on NMLS.
You can schedule an exam date via your NMLS profile or by contacting the exam administrator Prometric at Mortgage Lender License - All applicants must furnish a surety bond. The amount of that bond depends on the mortgage loans originated by the applicant in 1 calendar year. Mortgage Loan Correspondent License - Applicants are required to submit a surety bond. The bond amount is based on the mortgage loans originated by the applicant in 1 calendar year.
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact the NMLS and your state directly.
Pennsylvania Mortgage Brokers trust us to deliver accurate and timely credit information to help them make decisions and close more loans every day. Please enable JavaScript in your browser to complete this form. Important Notice: This is a B2B - Business to Business website - intended for use by industry professionals only and not intended for the general public or an advertisement to extend credit as defined by section Off-Site Examination The process for off-site examinations is very similar to those for on-site examinations.
The primary difference is that all information must be provided to our physical office located in Harrisburg. Because of the sensitive nature of the documents, the institution should deliver all information to the Department in an electronic format including physically shipping a flash drive, DVD, or hard drive with all the information encrypted and password protected.
The examiner may request additional and more specific records during the examination, but in general the following will be requested:. When is an examination conducted? The Department may conduct any examination at its discretion.
In addition, the Department conducts risk-based examinations and examinations based on consumer complaints as needed. Scheduled Examination A Department examiner will call in advance of an examination to notify the institution of the scheduled examination date.
Unscheduled Examination In some cases, the Department may conduct an examination during normal business hours without prior scheduling. How are the examination costs invoiced? The invoice will reflect:. How is a compliance issue resolved? A compliance issue can be resolved in many ways. Issues can be resolved through methods such as an explanation of the problem through a phone call, a required plan of action with follow-up reports back to the Compliance Office, a signed consent agreement with the inclusion of fines or any other method the Department deems appropriate.
You should aim to get your renewal application approved between November 1 and December 31; however, if your application is submitted but still pending on December 31, you can still work on January 1 and beyond while you wait. Mortgage Educators offers convenient education bundles for you if you are pursuing your initial license or a renewal.
Start the process of getting your license for an exciting career today. Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your Pennsylvania mortgage license. For additional questions, feel free to call us at or email us at 20hour MortgageEducators.
Pennsylvania Bundle. Step 2. Step 3.
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