Application Fee
See agencyVerified by MN Board of Business
Mortgage Loan Originator Licensing in Minnesota
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in Minnesota, 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 Minnesota
Estimated timeline: Varies by boardCore Requirements
- 1
License Type: Register with licensing agency.
- 2
Company/business entities applying for the Mortgage Originator (MO) License are required to use NMLS.
- 3
Chapter 58 before applying for a Mortgage Originator (MO) license.
- 4
Renewal.
- 5
The renewal fee is $500.
- 6
Renewal is done through NMLS.
- 7
If a license was not renewed, has lapsed, or was surrendered and you would like the license activated,follow the instructions at NMLS and reapply for the license.
| Fee Type | Amount |
|---|---|
| The renewal fee | $500 |
Application Snapshot
- Licensing Authority
Minnesota Department of Commerce • Licensing Unit
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$84,480 median (14% above national)
- State Salary Rank
#5 of 50 states
Step-by-Step Process (5)
- 1. Meet Minnesota eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete approved education or training requirements.
- 3. Pass required state examinations.
- 4. Budget filing costs (The renewal fee: $500).
- 5. Submit the application to Minnesota Department of Commerce~Licensing Unit and monitor board communications.
Salary Insights in Minnesota
With a median salary of $84,480, Mortgage Loan Originators in Minnesota earn 14% above the national median of $74,180. Minnesota ranks #5 among 50 states. The typical licensing timeline is Varies by board.
State Hiring Climate (QCEW)
RisingQoQ Employment Change
+3%Average Weekly Wage
$1,407Median annual salary
$84,480Hourly estimate
$40.6214% above national median
Difference: +$10,300
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#5 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 |
|---|---|---|---|---|
| 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 |
| Iowa | $80,070 | Specific course required | Both state and third-party exams required | Varies by board |
| South Dakota | $78,590 | Varies by state board | State-approved exam | Varies by board |
| North Dakota | $82,990 | Specific course required | State exam required | 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 |
|---|---|---|---|
| Minnesota | 78 | High | Board-specific review required. |
| Wisconsin | 62 | Medium | State-specific exam conditions may apply. Background check or criminal history review is indicated. |
| Iowa | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| South Dakota | 78 | High | Board-specific review required. |
| North Dakota | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
- License status indicator: Active.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
Official website verified
Minnesota Department of Commerce • Licensing Unit
85 7th Place East, Suite 600, St. Paul, MN, 55101-3165
Phone: 6512966319
Related Careers in Minnesota
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $95,380 | Varies by state board | Varies by board |
| Audio and Video Technicians | $47,460 | Varies by state board | Varies by board |
| Certified Public Accountant | $81,100 | Varies by state board | Varies by board |
| Civil Engineer | $101,440 | Varies by state board | Varies by board |
FAQ
How long does it take to become a Mortgage Loan Originator in Minnesota?
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 is the typical Mortgage Loan Originator salary in Minnesota?
The median annual salary for Mortgage Loan Originators in Minnesota is $84,480. Salaries range from $51,520 (10th percentile) to $152,630 (90th percentile).
How does the Mortgage Loan Originator salary in Minnesota compare to the national average?
Mortgage Loan Originators in Minnesota earn 14% above the national median of $74,180, with a state median of $84,480.
How many Mortgage Loan Originators work in Minnesota?
Minnesota employs approximately 6,950 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to Minnesota 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 Minnesota?
The licensing agency is Minnesota Department of Commerce / Licensing Unit. Review agency details at http://www.commerce.state.mn.us/.
How often do you renew a Mortgage Loan Originator license in Minnesota?
Current guidance indicates a renewal cycle of See board renewal rules.