Tens of thousands of MLOs yet to pass test

NMLS estimates that at least 135,000 MLOs will be state licensed through NMLS by the end of year. However, to date only about 64,000 individuals have passed the National Component of the SAFE MLO Test. MLOs who do not pass the national and state test components before their state deadline risk having their license terminated.

National Tests through June 2010

If you haven’t taken your test, schedule it now to avoid the last minute rush. Also, don’t forget that if you do not pass a test on the first try, you will need to wait 30 days before you can attempt to retake that test component. (71% of individuals pass the National Component on their first try.) For more information see the NMLS Testing Page.


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