How often must mortgage loan originators complete continuing education to maintain their license?

Mortgage loan originators are required to complete continuing education annually to maintain their licensure. This requirement is established to ensure that MLOs stay informed about the latest developments in the mortgage industry, including changes in laws, regulations, and best practices. The annual continuing education requirement helps to enhance the knowledge and skills needed to effectively assist borrowers and comply with regulatory standards.

Maintaining current knowledge is crucial for MLOs, as the mortgage landscape can change rapidly due to economic shifts, new legislation, and evolving industry practices. By participating in yearly educational programs, MLOs not only fulfill legal obligations but also enhance their professional competency, thereby improving their ability to serve clients.