A residential mortgage loan means any loan primarily for personal, family or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling which contains 1 to 4 residential units. Dwelling includes an individual condominium unit, cooperative unit, mobile home and trailer if it is used as a residence.
Any person who provides services as a mortgage loan originator (MLO) in California under the California Finance Law (CFL) or the California Residential Mortgage Lending Act (CRMLA) must apply for and receive a mortgage loan originator license. The MLO must also be employed by and sponsored by a Department of Financial Protection and Innovation licensee under the CFL or CRMLA.
Frequently Asked Questions & Answers
For Consumer
(NMLS) Consumer Access
Consumers can verify an MLO license through Nationwide Multistate Licensing System (NMLS) Consumer Access. It is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branches and individuals currently licensed through Nationwide Multistate Licensing System(NMLS).
Licensing Information
Applying for a new Mortgage Loan Originator license
- What are the Pre-requisites for Mortgage Loan Originator License Applications
- Who is Required to Obtain a Mortgage Loan Originator License
- License Fees
- Licensing Status/Assistance
- FAQs
For full details see the Mortgage Loan Originator Application Checklist.
For Companies that Employ Mortgage Loan Originators
- Requirements for CFLL and CRMLA Licensed Companies who employ MLOs
- Bona Fide Nonprofit Organizations
- DFPI Guidance to CRMLA licensees regarding Remote Work
Nationwide Multistate Licensing System (NMLS)
Application and maintenance of an MLO license are managed through the Nationwide Multistate Licensing System (NMLS).
Information on MLO licensing requirements is also available in NMLS.
NMLS, developed through the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), will allow companies to conveniently manage their mortgage license(s) in an electronic format through a secure website.
How to reach us:
Escrow & Mortgage Lending Office, MLO
320 W. 4th Street, Suite 750
Los Angeles, CA 90013-2344
Phone: (213) 576-7565
Email: [email protected]