Nationwide Mortgage Licensing System and Registry Click to see full answer. Also know, what does Nmls stand for in real estate? Nationwide Mortgage Licensing System Subsequently, question is, how do you get a Nmls license? How To Get A Mortgage License Apply for an NMLS account and ID number. Complete Your Mortgage Pre-License Education (this course). Pass a licensing exam. Apply for a license with the NMLS. Complete background checks and pay all fees. Associate your NMLS account with an employer. Accordingly, what is the purpose of the Nmls? The goal of NMLS is to employ the benefits of local, state-based financial services regulation on a nationwide platform that provides for improved coordination and information sharing among regulators, increased efficiencies for industry, and enhanced consumer protection.How do you use Nmls? Getting Started: MLO Step 1: Determine if You Must Register with NMLS. Any individual who meets the definition of an MLO and is employed by a federal agency-regulated institution must register with NMLS. Step 2: Get Prepared. You must complete and attest to Form MU4R to register. Step 3: Obtain an NMLS Account. Step 4: Complete the Form MU4R.