Application Fee
See agencyVerified by NY Board of Business
Mortgage Loan Originator Licensing in New York
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in New York, including See agency and board contact links.
Last verified: Feb 17, 2026
Current
Exam Requirement
Third-party exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Mortgage Loan Originator in New York
Estimated timeline: Varies by boardCore Requirements
- 1
Education: Specific course required.
- 2
Experience: No experience required.
- 3
Background/Criminal Review: No criminal record prohibitions.
- 4
Physical Requirement: No physical requirements.
- 5
License Type: Register with licensing agency.
- 6
An individual employed by a federal or state banking institution, a licensed mortgage banker or a registered mortgage broker to take a residential mortgage loan application or negotiate the terms of a residential mortgage loan application for 1-4 family residential property located in in New York.
Exam and processing details
- Third-party exam required
Continuing education and program notes
- No continuing education requirement to maintain license
Application Snapshot
- Licensing Authority
NYS Department of Financial Services • Applications and Licensing
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$98,940 median (33% above national)
- State Salary Rank
#1 of 50 states
Step-by-Step Process (7)
- 1. Meet New York eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete required education or training: Specific course required.
- 3. Document required supervised experience: No experience required.
- 4. Pass required examination steps: Third-party exam required.
- 5. Prepare supporting documentation (background check: No criminal record prohibitions; Background/Criminal Review: No criminal record prohibitions.; An individual employed by a federal or state banking institution, a licensed mortgage banker or a registered mortgage broker to take a re...).
- 6. Submit the application to NYS Department of Financial Services~Applications and Licensing and monitor board communications.
- 7. Maintain post-licensure compliance (continuing education: No continuing education requirement to maintain license).
Salary Insights in New York
With a median salary of $98,940, Mortgage Loan Originators in New York earn 33% above the national median of $74,180. New York ranks #1 among 50 states. The typical licensing timeline is Varies by board.
State Hiring Climate (QCEW)
SteadyQoQ Employment Change
+1.1%Average Weekly Wage
$1,739Median annual salary
$98,940Hourly estimate
$47.5733% above national median
Difference: +$24,760
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#1 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 |
|---|---|---|---|---|
| New York | $98,940 | Specific course required | Third-party exam required | Varies by board |
| Vermont | $86,490 | Specific course required | Third-party exam required | Varies by board |
| Massachusetts | $93,430 | Degree required | Third-party exam required | Varies by board |
| Connecticut | $77,580 | No educational requirements | State-approved exam | Varies by board |
| New Jersey | $95,090 | Varies by state board | State-approved exam | Varies by board |
| Pennsylvania | $61,470 | 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 |
|---|---|---|---|
| New York | 54 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Vermont | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Massachusetts | 54 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Connecticut | 78 | High | Board-specific review required. |
| New Jersey | 72 | Medium | Background check or criminal history review is indicated. |
| Pennsylvania | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
- License status indicator: Active.
- Continuing education indicator: No continuing education requirement to maintain license.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
Official website verified
NYS Department of Financial Services • Applications and Licensing
One Commerce Plaza, Albany, NY, 12257
Phone: 5184083086
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| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $98,580 | Varies by state board | Varies by board |
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FAQ
How long does it take to become a Mortgage Loan Originator in New York?
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 New York?
New York lists Third-party exam required as part of the licensure process for Mortgage Loan Originators.
What education do you need to become a Mortgage Loan Originator in New York?
The board typically expects Specific course required for Mortgage Loan Originator licensure in New York.
What is the typical Mortgage Loan Originator salary in New York?
The median annual salary for Mortgage Loan Originators in New York is $98,940. Salaries range from $49,240 (10th percentile) to $217,490 (90th percentile).
How does the Mortgage Loan Originator salary in New York compare to the national average?
Mortgage Loan Originators in New York earn 33% above the national median of $74,180, with a state median of $98,940.
How many Mortgage Loan Originators work in New York?
New York employs approximately 11,850 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to New York from another state?
Transfer requirements vary by board. License status indicator: Active. Continuing education indicator: No continuing education requirement 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 New York?
The licensing agency is NYS Department of Financial Services / Applications and Licensing. Review agency details at https://www.dfs.ny.gov/.
How often do you renew a Mortgage Loan Originator license in New York?
Current guidance indicates a renewal cycle of See board renewal rules.