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Getting NMLS MLO License for UTAH DRE MORTGAGE
Utah Department of Real Estate (UTAH DRE) is the state agency that overseas the licensing for mortgage loan originators, branch managers, associate principal lending managers, and principal lending managers. Getting the UTAH NMLS MLO license requires the 20 hour NMLS pre-licensing course, and 15 hours of continuing education the first time you get licensed. To renew the UTAH NMLS MLO license requires 8 hours of standard continuing education and two additional hours of Utah state specific continuation NMLS CE course every year. To become a Utah Principal Lending Manager UTAH PLM, the candidate need to be an NMLS MLO loan originator with at least five years of experience and have originated and closed 45 mortgage loans in the past 12 months. The UTAH Principal Lending Manager candidate needs to enroll and complete a 40 hour UTAH PLM comprehensive online course which consists of UTAH state specific mortgage rules, regulations, practice, policies and procedures, fraud, ethics, state and federal laws. Any advice on getting the UTAH NMLS MLO and UTAH PLM license would be greatly appreciated.
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7 Replies
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I heard passing the Utah PLM exam is very difficult. Can you please let me know how you managed to pass the UTAH principal lending manager test? Any advice or tips on how to go about passing the UTAH PLM EXAM?
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I want to share my experience studying, taking practice exams, and registering for the Utah Principal Lending Manager exam. This Utah PLM exam was not a hard test. The problem is that you cannot get hundreds or thousands of practice exams: Questions and Answers. The NMLS schools that offer the Utah Principal Lending Manager Exam are limited to two or three. These schools offer limited practice tests on questions and answers on Utah PLM exams. I want to thank Angie Crippen of OnCourse Learning, who went above and beyond in helping me, my assistant Marga Jurilla, and my National Operations Manager, Angie Torres. This exam was the Utah PLM – the Test From Hell. As I told you folks, the Utah PLM exam was not difficult. The hard part was when you take the exam, a 3- or 5-hour multiple-choice test consisting of 225 questions; the computer will display your score. The great advantage of the Utah Principal Lending Manager exam is that you do not have to retake the sections of the test that you have passed. The bad part is when Pearson Vue computes your score; for example, my first time taking the Utah PLM exam was a 69%, I missed it by one percentage point. I do not have the test booklet to study which questions I got wrong or correct. It was a real brain teaser. Therefore, I tried to remember the questions I was unsure of and took the exam again the second time. The second time around, taking the Utah PLM exam, I think I scored a 62%, which was worse than the first time score of 69%. You see, I changed my correct answers and put the wrong answer. Therefore, my score was worse. Then there was a third, fourth, fifth, sixth, seventh, and so on. I took the Utah Principal Lending Manager Test multiple times, where I showed up to the test center every day, and the staff and proctors at Pearson Vue knew me by my first name. When I passed the Utah Principal Lending Manager test on April 15th, 2024, I was ecstatic, and the entire support, ops, and proctor staff at Pearson Vue screamed in joy. I do not know how and why I passed, but I passed. I bought pizza and drinks for lunch for all the staff at Pearson Vue in Kenosha, Wisconsin, and thanked them for their support. Now, was I home free? Hell no. Al Jurilla, Marga Jurilla, and Angie Torres have diligently worked to submit my Utah Principal Lending Manager application to the Utah Department of Real Estate. I do not know exactly the true details of the back-and-forth, and I will have Marga Jurilla, Al, or Angie Torres explain, but this damn test was only good for 90 days. One year has passed, and Mr. Mike Paige, the Utah Department of Real Estate and Mortgage regulator, denied my application. WTF!!!! Long story short, I told my staff there is no way in Hell I am going to retest the UTAH PLM exam. A couple of weeks passed, and Marga emailed the UTAH PLM certification, which means I have passed the exam. It was reincarnation. I will ask Marge and Angie if they can add to this post so that whatever happened to me will not happen to you. Marga and Angie, can you please fill in the details? Thank you.
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Here’s my Utah Principal Lending Manager (UTAH PLM) Certificate.
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Congratulation Gus
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Thank you, @sapna. There are a few things I’d like to cover with the technical and digital media marketing team, Sapna. What’s going on with Best Mortgage Calculator? I spoke with Chad Burns yesterday, and he is looking into an organic lead generation platform like MLOBOX, GOAT GENIE, VONK, and others. What’s the progress with http://www.onlinebusinesssolution.org? I spoke with Christina from Reddit yesterday, and she will go over how we can get http://www.gcaforums.com and other websites on Reddit organically for d. I will discuss it with you, @Ravi, @marga, @Anngelli, and @April Ramirez. On another note, I want to target recruiting ethnic teams throughout the United States, like Dejon Ivenovic. I want the loan officers, loan officer assistants, and business development managers from the following ethnic groups:
1. Mexico and other Spanish-speaking countries
2. Serbia
3. Vietnam
4. Korea
5. China
6. Thailand
7. Russia
8. Poland
Are there any other ethnic groups that have a substantial population in the United States? I also spoke with a postcard direct mail marketing agency via email yesterday. What they do is send out postcards to target leads. I used to own larger apartment complex communities of 300 units or larger. Tenants in those apartment complexes are paying rent of $1,500 or more per month, which many of them can use to buy a house, and their mortgage payment will be comparable to their rent payment. Let’s think about aggressively pursuing and implementing such a marketing plan on http://www.onlinebusinesssolution.org. Could you review this post and reply with your ideas? I like to work with Chad Burns. Chad lives in Southern California, and they have the largest immigrant groups in the United States. The whole state has huge ethnic communities.
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Wow, Gus. It seems as if the Utah DRE does not want out-of-state PLMs here. Your dogged determination seems to have paid off in the end. As a Utah-based mortgage advisor with ties to the Gus Cho team, I commend all of you on your efforts. See you in the trenches!
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Dustin, it was one hell of a Twilight Zone. I think you should take the Utah Principal Lending Manager exam now, while certain things are still fresh. Plus I have tons of practice tests that I can give you. If you are not planning on managing a branch in Utah, you do not have to go through this ordeal.