Application Fee
See agencyVerified by RI Board of Business
Mortgage Loan Originator Licensing in Rhode Island
Review current requirements, exam details, renewal cycle, and salary outlook for mortgage loan originator in Rhode Island, including See agency and board contact links.
Last verified: Feb 17, 2026
Current
Exam Requirement
State exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Mortgage Loan Originator in Rhode Island
Estimated timeline: Varies by boardCore Requirements
- 1
Education: Degree required.
- 2
Experience: Work experience required.
- 3
Background/Criminal Review: No criminal record prohibitions.
- 4
License Type: Stand-alone license.
Exam and processing details
- State exam required
Continuing education and program notes
- Continuing education required to maintain license
Application Snapshot
- Licensing Authority
RI Department of Business Regulation • Division of Commercial Licensing & Racing & Athletics
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$77,460 median (4% above national)
- State Salary Rank
#18 of 50 states
Step-by-Step Process (7)
- 1. Meet Rhode Island eligibility requirements for Mortgage Loan Originator licensure.
- 2. Complete required education or training: Degree required.
- 3. Document required supervised experience: Work experience required.
- 4. Pass required examination steps: State exam required.
- 5. Prepare supporting documentation (background check: No criminal record prohibitions; Background/Criminal Review: No criminal record prohibitions.).
- 6. Submit the application to RI Department of Business Regulation~Division of Commercial Licensing & Racing & Athletics and monitor board communications.
- 7. Maintain post-licensure compliance (continuing education: Continuing education required to maintain license).
Salary Insights in Rhode Island
With a median salary of $77,460, Mortgage Loan Originators in Rhode Island earn 4% above the national median of $74,180. Rhode Island ranks #18 among 50 states. The typical licensing timeline is Varies by board.
State Hiring Climate (QCEW)
RisingQoQ Employment Change
+3.2%Average Weekly Wage
$1,294Median annual salary
$77,460Hourly estimate
$37.244% above national median
Difference: +$3,280
Percentile Distribution
Annual compensationMortgage Loan Originator Salary Ranking
#18 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 |
|---|---|---|---|---|
| Rhode Island | $77,460 | Degree required | State 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 |
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 |
|---|---|---|---|
| Rhode Island | 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. |
- 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
RI Department of Business Regulation • Division of Commercial Licensing & Racing & Athletics
1511 Pontiac Ave, Building 69-1, Cranston, RI, 02920
Phone: 4014629525
Related Careers in Rhode Island
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $106,950 | Specific course required | Varies by board |
| Audio and Video Technicians | $57,250 | Degree required | Varies by board |
| Certified Public Accountant | $90,040 | Degree required | Varies by board |
| Civil Engineer | $112,250 | Degree required | Varies by board |
FAQ
How long does it take to become a Mortgage Loan Originator in Rhode Island?
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 Rhode Island?
Rhode Island lists State exam required as part of the licensure process for Mortgage Loan Originators.
What education do you need to become a Mortgage Loan Originator in Rhode Island?
The board typically expects Degree required for Mortgage Loan Originator licensure in Rhode Island.
What is the typical Mortgage Loan Originator salary in Rhode Island?
The median annual salary for Mortgage Loan Originators in Rhode Island is $77,460. Salaries range from $47,680 (10th percentile) to $118,470 (90th percentile).
How does the Mortgage Loan Originator salary in Rhode Island compare to the national average?
Mortgage Loan Originators in Rhode Island earn 4% above the national median of $74,180, with a state median of $77,460.
How many Mortgage Loan Originators work in Rhode Island?
Rhode Island employs approximately 1,560 Mortgage Loan Originators according to BLS data.
Can I transfer my Mortgage Loan Originator license to Rhode Island 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 Rhode Island?
The licensing agency is RI Department of Business Regulation / Division of Commercial Licensing & Racing & Athletics. Review agency details at https://dbr.ri.gov/commercial-licensing.
How often do you renew a Mortgage Loan Originator license in Rhode Island?
Current guidance indicates a renewal cycle of See board renewal rules.