Your career as a mortgage lender is within reach through the NMLS continuing education in Illinois. If you need to offer a loan as a mortgage broker, you must possess the NMLS license. NMLS stands for the Nationwide Mortgage Licensing System. It requires loan officers to meet national standards through obtaining the NMLS license. Every state may have slightly different requirements, but in the state of Illinois:

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1. Visit to the NMLS website to register for your “unique identifier.” You will get an NMLS account and will be assigned an ID number. You will use this number often through the NMLS license process.

2. Successfully complete at least 20 hours of NMLS-approved coursework through an accredited organization. Illinois does not require state-specific PE (Pre-License Education).

3. Take and pass the National Test Component exam given through NMLS. You must receive a score of 75% or higher. 

4. Now apply for your mortgage license in Illinois. To meet the background check requirements, you must be fingerprinted, submit a background check, and pay for an individual credit report. 

5. Then you must apply for your mortgage license in the state of Illinois.

6. In order to generate mortgage loans in Illinois, you need to associate your NMLS account with a licensed mortgage company.

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