What is the required minimum hours of continuing education for MLOs after licensure?

The required minimum hours of continuing education for Mortgage Loan Originators (MLOs) after licensure is 8 hours. This requirement is set to ensure that MLOs stay updated on the latest developments in mortgage laws, regulations, and market trends, which is crucial for maintaining professionalism and competency in the field. The 8 hours typically includes a blend of federal and state-specific content to ensure comprehensive knowledge relevant to the practice.

Maintaining a structured and comprehensive education program is essential for MLOs as it promotes ongoing professional development and helps protect consumers by ensuring that loan originators are aware of the latest legal requirements and ethical standards. This commitment to continuing education reflects the importance of keeping skills sharp and knowledge current in an ever-evolving industry.