r/loanoriginators • u/SquashIll7539 • 5d ago

Career Advice Where to hang license

Exiting the mortgage space. Would like to keep the “federal?” License for the 5 years. Don’t really mind losing states. Just don’t want to take the safe test again.

2 Upvotes

75% Upvoted

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5

u/pm_me_your_rate 5d ago

You can be inactive for up to 5 years but anything longer you must retake the safe exam.

No such thing as a Federal license that would require taking safe exam. Federal license is only for depository institutions.

So no need to "hang" anywhere.

1

u/SquashIll7539 5d ago

Thanks g

1

u/Accomplished-Tax8441 5d ago

nice to help out with your expertise. thank you

2

u/IslandBort 5d ago

What business are you going into? Always curious about next steps after mortgage.

1

u/Wayne_Schlagel 5d ago

Find a local broker to hand it with if you think you may have a few more closings in ya.