Mortgage Loan Originator License Renewal Virginia

Maintaining an active license is critical for your lending career. When completing your mortgage loan originator license renewal in Virginia, staying ahead of key deadlines and state requirements prevents any disruption to your ability to originate loans. Licensing for originators in the Commonwealth is overseen by the Virginia State Corporation Commission - Bureau of Financial Institutions.

Renewal Cycle & Expiration Date

In Virginia, mortgage loan originator licenses are renewed annually. All licenses follow a fixed expiration pattern, expiring on December 31 of each year regardless of when the license was initially issued. It is recommended to complete all renewal tasks well before the end of the year to ensure timely processing.

Continuing Education (CE) Requirements

Continuing education is mandatory for all licensed mortgage loan originators renewing their credentials in Virginia:

• Required Hours: 8 hours of approved continuing education.
• Cycle: CE coursework must be completed annually prior to submitting your renewal application.

Make sure your education provider reports your completed hours promptly so that your record is clear when you submit your application.

Renewal Fee

The standard annual renewal fee for a Virginia mortgage loan originator license is $100. This fee must be paid at the time of renewal submission.

How to Renew: Step-by-Step Checklist

1. Review Your License Status: Confirm that your license is in good standing and note the annual December 31 deadline.
2. Complete Continuing Education: Finish your required 8 hours of approved CE before submitting your renewal request.
3. Submit Renewal Application: File your annual renewal request through the designated licensing system used by the state.
4. Pay the Renewal Fee: Submit the required $100 renewal fee.
5. Verify Approval: Confirm that your renewal has been approved by the Bureau of Financial Institutions before the new calendar year begins.

What Happens If You Renew Late?

If you fail to renew by December 31, your license will lapse or expire. Originating mortgage loans without an active, valid license is a violation of state regulations and can result in regulatory action, loss of authority to originate, or additional requirements to reinstate your credential. If your license expires, you should contact the regulatory agency immediately to determine the correct reinstatement procedure.

Agency Contact Information

If you have questions about your individual licensing record, you can contact the regulating agency directly:

• Agency: Virginia State Corporation Commission - Bureau of Financial Institutions
• Phone: 804-371-9657