I took the NMLS Licensing test on Friday, January 22, 2010, and passed with a score of 93% on the first try at the test. This is a new requirement for all mortgage originators of residential mortgage loans that they must pass the national licensing test as well as complete a 20-hour licensing education course. You should ask your loan officer for their national licensing number so that you can look them up on the national registry to verify they are licensed.

If someone works for a Federally chartered Bank like Wells Fargo, Bank of America, Chase, etc. they are exempted from the licensing and the educational requirements.  This means the person who is helping you with your home loan can only have a high school diploma and not licensing or educational requirements. So you may want to consider carefully who you choose to work with.

My National License Number is 38783.

John R. Thomas

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713