Application Fee
See agencyVerified by MI Board of Business
Mortgage Loan Originator Licensing in Michigan
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in Michigan, including See agency and board contact links.
Last verified: Feb 17, 2026
Current
Exam Requirement
State-approved examRenewal Cycle
See board renewal rulesLicensing Blueprint for Mortgage Loan Originator in Michigan
Estimated timeline: 1 monthCore Requirements
- 1
Background/Criminal Review: No criminal record prohibitions.
- 2
License Type: Stand-alone license.
- 3
To receive a Loan Originator License, an applicant must have completed at least three hours of federal law and regulations, three hours of ethics (including instruction on fraud, consumer protection, and fair lending issues), two hours of training related to lending standards for nontraditional mortgage product markets, and twelve hours of undefined instruction on mortgage origination.
- 4
This pre-licensure education must include 2 hours of Michigan content.
- 5
Finally, the applicant must submit a license application to the NMLS.
- 6
License fees include a $30.00 initial processing fee, $250.00 license/registration fee, $15 for a credit report, and $36.25 for an FBI criminal background check.
Application Snapshot
- Licensing Authority
Michigan Department of Insurance and Financial Services
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$72,680 median (2% below national)
- State Salary Rank
#28 of 50 states
Step-by-Step Process (6)
- 1. Meet Michigan eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete required education or training (To receive a Loan Originator License, an applicant must have completed at least three hours of federal law and regulations, three hours o...).
- 3. Document required supervised experience (To receive a Loan Originator License, an applicant must have completed at least three hours of federal law and regulations, three hours o...).
- 4. Pass required state examinations.
- 5. Prepare supporting documentation (background check: No criminal record prohibitions; Background/Criminal Review: No criminal record prohibitions.; Finally, the applicant must submit a license application to the NMLS.).
- 6. Submit the application to Michigan Department of Insurance and Financial Services and monitor board communications.
Salary Insights in Michigan
With a median salary of $72,680, Mortgage Loan Originators in Michigan earn 2% below the national median of $74,180. Michigan ranks #28 among 50 states. The typical licensing timeline is 1 month.
State Hiring Climate (QCEW)
RisingQoQ Employment Change
+2.6%Average Weekly Wage
$1,308Median annual salary
$72,680Hourly estimate
$34.942% below national median
Difference: -$1,500
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#28 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 |
|---|---|---|---|---|
| Michigan | $72,680 | Varies by state board | State-approved exam | 1 month |
| Ohio | $69,220 | Varies by state board | State-approved exam | Varies by board |
| Indiana | $71,400 | Specific course required | Third-party exam required | Varies by board |
| Wisconsin | $79,230 | Specific course required | Third-party exam required | 1 month |
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 |
|---|---|---|---|
| Michigan | 72 | Medium | Background check or criminal history review is indicated. |
| Ohio | 78 | High | Board-specific review required. |
| Indiana | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Wisconsin | 62 | Medium | State-specific exam conditions may apply. Background check or criminal history review is indicated. |
- License status indicator: Active.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
Official website verified
Michigan Department of Insurance and Financial Services
P.O. Box 30220, Lansing, MI, 48909-7720
Phone: 8779996442
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|---|---|---|---|
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FAQ
How long does it take to become a Mortgage Loan Originator in Michigan?
Most applicants finish the licensing path in about 1 month, but timing can change based on education track, exam scheduling, and board processing.
What is the typical Mortgage Loan Originator salary in Michigan?
The median annual salary for Mortgage Loan Originators in Michigan is $72,680. Salaries range from $34,690 (10th percentile) to $136,390 (90th percentile).
How does the Mortgage Loan Originator salary in Michigan compare to the national average?
Mortgage Loan Originators in Michigan earn 2% below the national median of $74,180, with a state median of $72,680.
How many Mortgage Loan Originators work in Michigan?
Michigan employs approximately 10,910 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to Michigan from another state?
Transfer requirements vary by board. License status indicator: Active. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Mortgage Loan Originators in Michigan?
The licensing agency is Michigan Department of Insurance and Financial Services. Review agency details at https://www.michigan.gov/difs/0,5269,7-303-22535---,00.html.
How often do you renew a Mortgage Loan Originator license in Michigan?
Current guidance indicates a renewal cycle of See board renewal rules.