WA Mortgage Loan Originator (MLO) Requirements

Mortgage Loan Originator (MLO) Requirements To Conduct Business In Washington

Current requirements
The following MLOs must have an active Loan Originator License:

• All MLOs working for a Mortgage Broker Practices Act (MBPA) licensee (including employees and independent contractors)
• Independent contractor MLOs working for a Consumer Loan Act (CLA) licensee

Future requirements
Effective July 1, 2010, all MLOs (independent contractors and employees of either MBPA or CLA licensees) must have an active Loan Originator license

• The Department will begin licensing MLO employees of CLA licensees on January 1, 2010