South Carolina BFI: NMLS Pre-Licensing MLO Requirements & Training
Not Yet Licensed? Courses Required
Already Licensed? State Course Required
Best Way To Prepare for the Test
20-Hour Online Interactive Course
Diehl’s 20-Hour Pre-Licensing course is taught in two engaging and interactive formats: Online Instructor-Led, and Interactive Live Stream Webinar. Both are great options, with the Online Instructor-Led course being the most flexible option, and the Interactive Live Stream Webinar giving you live classroom-like instruction via Zoom.
99.8% Success Rate with Pass Promise
Diehl offers the Pass Promise. If a user completes a simulated exam in Prep2Pass with a 95% or higher consecutively and does not pass the NMLS/SAFE MLO test, they received a full refund for the Test Prep App. To date, 99.8% have passed the NMLS/SAFE MLO test after scoring a 95% or higher consecutively in the Prep2Pass Simulated Test.
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South Carolina (BFI) Pre-Licensing Course
This is the state-specific education requirement for South Carolina (BFI).
SOUTH CAROLINA BOARD OF FINANCIAL INSTITUTIONS REQUIREMENTS FOR NMLS PRE-LICENSING EDUCATION
NMLS Education Requirement: Diehl Mortgage Training is an NMLS-Approved Training Provider for Pre-Licensing Education #1400133
Seat Time: The state requires that all students spend a minimum amount of seat time engaged in the course content. Our online learning management system tracks engagement by clicking through the course.
Reporting: Upon completion of your course, the NMLS requires course providers to credit-bank your education hours within 7 business days. Diehl banks your hours in as little as 24 hours.
Start and End Date of Course: Your course will close at the end of the 7 or 10-Day period, depending on the path you choose.
Certificates: Upon completion of the course, Diehl Mortgage Training & Compliance will email you a certificate of completion. Please download and hold onto this certificate to show proof of education completion.
Step 1 – Review your checklist
Go to the State Licensing Requirements Page for your state and gather required documentation which may need to be uploaded and sent to the state agency.
All state licensed MLOs and certain individuals as mandated by their state agency are required to pass the National SAFE MLO test, complete pre-licensure education, and submit to a criminal background and credit check prior to submitting an application in NMLS. Review Professional Standards for more details on the Criminal Background Check, Testing, Education, and Credit Report process.
Step 2 – Coordinate with your company
NMLS is the official system of record so it is important to coordinate use with your employer. If your company is licensed with or registered in a state through NMLS, either of you can complete your first Individual Form (MU4) in NMLS. Whoever creates the first Individual Form (MU4) must pay any associated fees when it is submitted to the state agency. If your company is completing your first Individual Form (MU4), wait for their direction before proceeding.
Step 3 – Create an account
NOTE: The information used to create the account must be accurate, complete and reflect information found on legal documentation. Inaccurate information may result in one or more duplicate accounts. If duplicate accounts are created, the responsible individual or company is liable for all fees associated with resolving the error.
Navigate to NMLS.
Click the Log Into NMLS button.
Click the Request an Account link.
Select the Individual option.
Review the Quick Guide: Creating an Individual Account
Step 4 – Log into NMLS
If your company created your first Individual Form (MU4), log in with the credentials provided, review your Individual Form (MU4), make any necessary corrections and attest to its accuracy.
Review the Attestation Quick Guide for further assistance.
South Carolina BFI Pre-Licensing Education (PE) FAQs
To obtain an MLO license in South Carolina with the Consumer Finance Division of the Board of Financial Institutions (BFI), you’ll have to complete 20 hours of Pre-Licensing Education. South Carolina BFI NMLS Pre-Licensing Education requirements are broken down into the following categories:
- 3 hours of Federal Law
- 3 hours of Ethics
- 2 hours of Non-traditional mortgage lending
- 3 hours of SC-specific education
- 9 hours of Electives
Once you complete the requirements above and receive your new South Carolina BFI MLO license, you’ll be responsible for taking South Carolina Continuing Education (CE) courses annually. Check out our South Carolina BFI NMLS CE Requirements & Training for support meeting this requisite.
If you would like additional information about South Carolina Mortgage Licensing, check out the NMLS South Carolina MLO License Description.
You can contact the South Carolina Consumer Finance Division of the Board of Financial Institutions using the contact details below.
- Phone: 803-734-2020
- Email: cfd@bofi.sc.gov
- Website: consumerfinance.sc.gov
- Address: 1205 Pendleton Street, Suite 306, Columbia, SC 29201
According to the NMLS PE Expiration Policy, your 20-hour Pre-Licensing Education course is good for three years. Failure to obtain your SC-BFI MLO license in three years will result in you having to retake the 20-Hour course. Keep in mind that this policy is currently pending enactment in South Carolina. This means that the state of South Carolina is not enforcing the policy, but it will be in the near future.
There’s no concrete deadline to complete PE in South Carolina since it’s a prerequisite for the MLO license application. Ideally, you should aim to complete your South Carolina BFI mortgage loan officer training in a timely and efficient manner, so you can start your career as an MLO in South Carolina.
When you have an active SC-BFI MLO license, the deadline to complete CE will be December 31.
To obtain a valid MLO license in South Carolina, all applicants must complete mortgage licensing training and pass the NMLS exam with a score of 75% or higher. At Diehl Education, we work hard to ensure you meet the obligatory South Carolina BFI NMLS Pre-Licensing Education requirements with our comprehensive live stream webinar and instructor-led PE courses. We also provide Test Prep for MLOs, so you can pass the NMLS exam on your first try.
Plus, we can help you boost your MLO career by providing you with the necessary PE or CE to obtain additional state licenses.