Licensed Loan Officer

How To Request NMLS Sponsorship from Option One Financial

These are the steps to sign up with Option One:

Step 1

Log in to NMLS and Grant Access Right to Option One Financial.

Step 2

Remove your relationship with your current employer, put an end date to your prior employment, and submit a new MU4 to add Option One as your employer.

Step 3

Request NMLS Sponsorship from Option One (NMLS #:1888223).

Notify Option One, we will proceed to sponsor you.

Step 4

Resolve any Active License Items that the state will ask you. (You must log in and check NMLS regularly and clear the requests from the state. Once complete, it will take the regulator around 5-7 days to approve.)

Compensation Types

Q. In which states is Option One licensed?

A. Option One is currently in Arizona, California, Colorado, Hawaii, and Texas with an additional 28 states in the application review process. Let us know your priority and we will make that our priority.

Q. What products and services does Option One offer?

  • Non-QM Private Money / Hard Money
  • DSCR
  • Bridge loans
  • Jumbo
  • Conventional
  • FHA / VA
  • Construction

Q. How is processing handled?

A. Option One has a team of experienced in-house Processors who will handle your loans from lender submission through closing – including issuing and following up on initial disclosures, unless you prefer to be the main point of contact.

Q. What system and software does Option One use?

A. Option One uses Meridian as our LOS system and LodaSoft as our CRM

Q. As a broker-owner can I bring my business to Option One?

A. YES! You can join as a branch. You can keep your current branding, while still enjoying the benefits that Option One has to offer

Q. Does Option One offer lead generation?

A. No, Option One does not provide leads. Instead, we provide comprehensive training and support

How to Become a Loan Officer

Here are the Three Steps to Becoming a Loan Officer

STEP 1 – TAKE THE REQUIRED 20-HOUR COURSE

  • Sign up to take the online pre-license education 20-hour courses.
    • MortgageEducators.com

STEP 2 – SAFE TEST WITH PROMETRIC

  • Schedule and pass your Safe Test with Prometric.
  • Request an account and check your results on the NMLS database after 72 hours.

STEP 3 – APPLYING FOR NMLS LICENSE

  • Submit your payment and MU4 application with NMLS.
  • Clear a credit check and background check to qualify.