Agencies
Services
Mortgage Loan Originator (MLO)
The mortgage loan originator license is required for an individual who, for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application, or offers or negotiates terms of an Illinois residential mortgage loan. Individuals must be employed by an Illinois residential mortgage licensee, may be employed by no more than one Illinois residential mortgage licensee at a time, and all individuals meeting the definition must be licensed including owners of entities with Illinois residential mortgage licenses.