Application Fee
See agencyVerified by IA Board of Business
Mortgage Loan Originator Licensing in Iowa
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in Iowa, including See agency and board contact links.
Last verified: Feb 17, 2026
Current
Exam Requirement
Both state and third-party exams requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Mortgage Loan Originator in Iowa
Estimated timeline: Varies by boardCore Requirements
- 1
Education: Specific course required.
- 2
Experience: Work experience required.
- 3
Background/Criminal Review: Background check required.
- 4
Certification: Certification required.
- 5
License Type: Tied to business.
- 6
License to act as a mortgage banker or mortgage broker.
Exam and processing details
- Both state and third-party exams required
Continuing education and program notes
- Continuing education required to maintain license
Application Snapshot
- Licensing Authority
Iowa Department of Commerce, Iowa Division of Banking • Iowa Department of Commerce, Iowa Division of Banking
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$80,070 median (8% above national)
- State Salary Rank
#9 of 50 states
Step-by-Step Process (7)
- 1. Meet Iowa eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete required education or training: Specific course required.
- 3. Document required supervised experience: Work experience required.
- 4. Pass required examination steps: Both state and third-party exams required.
- 5. Prepare supporting documentation (background check: Background check required; Background/Criminal Review: Background check required.).
- 6. Submit the application to Iowa Department of Commerce, Iowa Division of Banking~Iowa Department of Commerce, Iowa Division of Banking and monitor board communications.
- 7. Maintain post-licensure compliance (continuing education: Continuing education required to maintain license).
Salary Insights in Iowa
With a median salary of $80,070, Mortgage Loan Originators in Iowa earn 8% above the national median of $74,180. Iowa ranks #9 among 50 states. The typical licensing timeline is Varies by board.
State Hiring Climate (QCEW)
RisingQoQ Employment Change
+2.4%Average Weekly Wage
$1,154Median annual salary
$80,070Hourly estimate
$38.508% above national median
Difference: +$5,890
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#9 of 50 statesfor Mortgage Loan Originator median salary
| Rank | State | Median Salary |
|---|---|---|
| #1 | New York | $98,940 |
| #2 | New Jersey | $95,090 |
| #3 | Massachusetts | $93,430 |
| #4 | Vermont | $86,490 |
| #5 | Minnesota | $84,480 |
Nearby States Comparison
Mortgage Loan Originator licensing across the region| State | Median Salary | Education | Exam | Timeline |
|---|---|---|---|---|
| Iowa | $80,070 | Specific course required | Both state and third-party exams required | Varies by board |
| Minnesota | $84,480 | Varies by state board | State-approved exam | Varies by board |
| Wisconsin | $79,230 | Specific course required | Third-party exam required | 1 month |
| Illinois | $75,960 | Varies by state board | State-approved exam | Varies by board |
| Missouri | $72,730 | Degree required | State exam required | 21 years |
| Nebraska | $75,730 | Varies by state board | State-approved exam | 1 month |
| South Dakota | $78,590 | Varies by state board | State-approved exam | Varies by board |
License by Endorsement
Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.
| State | Reciprocity Score | Tier | Notes |
|---|---|---|---|
| Iowa | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Minnesota | 78 | High | Board-specific review required. |
| Wisconsin | 62 | Medium | State-specific exam conditions may apply. Background check or criminal history review is indicated. |
| Illinois | 72 | Medium | Background check or criminal history review is indicated. |
| Missouri | 62 | Medium | State-specific exam conditions may apply. Background check or criminal history review is indicated. |
| Nebraska | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Continuing education indicator: Continuing education required to maintain license.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
Official website verified
Iowa Department of Commerce, Iowa Division of Banking • Iowa Department of Commerce, Iowa Division of Banking
200 East Grand Avenue, Suite 300, Des Moines, IA, 50309
Phone: 5152814014
Related Careers in Iowa
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $86,990 | Specific course required | Varies by board |
| Audio and Video Technicians | $50,720 | Specific course required | Varies by board |
| Certified Public Accountant | $74,290 | Degree required | Varies by board |
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FAQ
How long does it take to become a Mortgage Loan Originator in Iowa?
Most applicants finish the licensing path in about Varies by board, but timing can change based on education track, exam scheduling, and board processing.
What exams are required for Mortgage Loan Originators in Iowa?
Iowa lists Both state and third-party exams required as part of the licensure process for Mortgage Loan Originators.
What education do you need to become a Mortgage Loan Originator in Iowa?
The board typically expects Specific course required for Mortgage Loan Originator licensure in Iowa.
What is the typical Mortgage Loan Originator salary in Iowa?
The median annual salary for Mortgage Loan Originators in Iowa is $80,070. Salaries range from $49,000 (10th percentile) to $135,890 (90th percentile).
How does the Mortgage Loan Originator salary in Iowa compare to the national average?
Mortgage Loan Originators in Iowa earn 8% above the national median of $74,180, with a state median of $80,070.
How many Mortgage Loan Originators work in Iowa?
Iowa employs approximately 3,350 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to Iowa from another state?
Transfer requirements vary by board. License status indicator: Active. Continuing education indicator: Continuing education required to maintain license. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Mortgage Loan Originators in Iowa?
The licensing agency is Iowa Department of Commerce, Iowa Division of Banking / Iowa Department of Commerce, Iowa Division of Banking. Review agency details at https://commerce.iowa.gov/division-banking.
How often do you renew a Mortgage Loan Originator license in Iowa?
Current guidance indicates a renewal cycle of See board renewal rules.