Last Updated: March 2026 · Wyoming Division of Banking requirements verified
How to Get Your Wyoming MLO License (2026)
Compare 7 NMLS-approved Wyoming mortgage loan originator schools. No state-specific hours, $150 state fee, and zero state income tax — the most affordable MLO licensing path in the US.
Course Cost
$159 – $400
Time to License
5 – 10 weeks
Avg Annual Salary
$72K – $200K+
Required Hours
20 hours
Top 3 Wyoming MLO Schools at a Glance
1. RealEstateU
Best value for Wyoming MLO licensing. Fully online, self-paced 20hr SAFE course. All 3 packages available — use code CERTLAUNCH for 20% off. Lowest starting price of any WY school.
$159.20
with code CERTLAUNCH
2. 24hourEDU
All-in-one $229 package with 20hr SAFE course and exam prep included at no extra cost. Flat pricing with no upsells.
$229
3. Diehl Education
7-day online instructor-led format at $249, with Prep2Pass exam prep included. Structured schedule for learners who want accountability.
$249
Prep2Pass included
Best Real Estate Schools in Wyoming
All 7 schools are Wyoming Wyoming Division of Banking-approved. Price: Low to High.
Quick Price Comparison (Course Only)
RealEstateU
Best ValueStarting at
$199
$159.2
- 20hr national SAFE course — no WY state hours required
- Audio-based lessons for on-the-go studying
- NMLS-approved provider
- Lowest starting price of any WY MLO school
Available Packages (3)
WY MLO License Course
- 20-hour SAFE National Course
- NMLS-approved certificate
- Course completion reported to NMLS
24hourEDU
Starting at
$229
- Exam prep included free — no upsells
- Flat pricing — no confusing packages
- NMLS-approved national provider
- 20hr national SAFE course
Available Packages (1)
Wyoming MLO Pre-Licensing + Exam Prep (20hr)
- 20-hour SAFE National Course
- Exam prep course (included free)
- NMLS-approved certificate
Diehl Education
Starting at
$249
- Prep2Pass exam prep included
- 7-day online instructor-led format
- NMLS-approved provider
- 20hr national SAFE course
Available Packages (1)
Wyoming 20hr SAFE Course + Prep2Pass (7-day OIL)
- 20-hour SAFE National Course
- Prep2Pass exam prep included
- 7-day OIL format
- NMLS-approved certificate
OnlineEd
Starting at
$279
- NMLS-approved national provider
- 20hr national SAFE course
- Note: $30 NMLS processing fee billed separately
- Straightforward online format
Available Packages (1)
Wyoming 20hr SAFE Pre-Licensing Course
- 20-hour SAFE National Course
- NMLS-approved certificate
- Note: $30 NMLS fee billed separately (~$309 effective total)
OnCourse Learning
Starting at
$309
- Major national NMLS-approved provider
- Multiple package tiers with exam prep
- Live webinar option available
- 20hr national SAFE course
Available Packages (3)
Standard (20hr OIL)
- 20-hour SAFE National Course
- Online instructor-led format
- NMLS-approved certificate
Mortgage Educators & Compliance
Starting at
$325
- Live webinar format with instructor access
- NMLS Provider #1400062
- 20hr national SAFE course
- Good for learners wanting live interaction
Available Packages (1)
Wyoming 20hr SAFE Live Webinar
- 20-hour SAFE National Course
- Live webinar instructor-led sessions
- NMLS-approved certificate
Cape School
Starting at
$400
- NMLS Provider #1400105
- 20hr national SAFE course
- NMLS-approved certificate
- Established national provider
Available Packages (1)
Wyoming 20hr SAFE Pre-Licensing Course
- 20-hour SAFE National Course
- NMLS-approved certificate
Prices verified March 2026. Prices may change. Always confirm current pricing on the school's website before enrolling.
How Much Do Wyoming MLOs Earn?
Statewide Average Range
$72,000 – $120,000
Cheyenne, Casper, Laramie, and statewide markets
Jackson Hole Luxury Producers
$200,000+
Median home price $1M–$3M+ in Teton County
Commission Structure
Most Wyoming MLOs earn a commission on every closed loan — typically 0.5% to 1.5% of the loan amount. On Wyoming's statewide median home price of ~$345,000, that's $1,725–$5,175 per closing. In Jackson Hole, where median home prices exceed $1 million, a single transaction at 1% commission earns $10,000+. High-volume producers closing 5–8 loans per month can earn $8,000–$40,000 in monthly gross commissions.
Key Wyoming Markets
Wyoming Advantage: No state income tax means Wyoming MLOs keep significantly more of every dollar earned. An MLO earning $100,000/year saves $5,000–$9,000 annually compared to peers in high-tax states. Combined with the low $150 state fee, Wyoming offers the most affordable total cost of entry for MLO licensing in the United States.
📊 Wyoming MLO Income at a Glance
Wyoming mortgage loan originators earn $72,000–$120,000 annually statewide, with Jackson Hole luxury producers reaching $200,000+. Wyoming's median home price of approximately $345,000 (NMLS/state data) yields $1,725–$5,175 per closed transaction at standard 0.5%–1.5% commission rates. Zero state income tax means Wyoming MLOs retain an additional $5,000–$9,000 per $100,000 earned versus MLOs in California, New York, or Illinois — a compounding financial advantage that grows with income.
Income Disclaimer: Salary figures are estimates based on publicly available data and vary significantly by state, market, experience level, employer type, and individual effort. Past or average earnings are not a guarantee of future results. CertLaunch makes no income guarantees of any kind.
Sources:
Licensing requirements, exam fees, and course availability change frequently. Always verify current requirements with your state licensing board before enrolling or submitting any application. Learn how we source our data.
Is a Wyoming MLO License Worth It?
👍 Pros
- + No State Income Tax: Keep 100% of earnings above federal taxes — one of only 9 states with zero income tax.
- + Lowest State Fee: Wyoming's $150 state fee is one of the lowest in the country — Alaska charges $600 in state fees alone.
- + No State-Specific Hours: Only 20hr national SAFE required — no extra Wyoming state education modules to purchase.
- + Jackson Hole Opportunity: One of the most lucrative luxury real estate markets in the US — median home $1M+.
- + Growing Migration: Wyoming is attracting remote workers and retirees from high-tax states, driving steady transaction volume.
- + Most Affordable Path: Total all-in cost of ~$505–$750 is among the lowest of any US state for MLO licensing.
👎 Cons
- - Small Population: Wyoming has fewer than 600,000 residents — total transaction volume is lower than major metro states.
- - Seasonal Fluctuation: Real estate activity can slow in harsh winter months — income may vary throughout the year.
- - Energy Sector Dependency: Wyoming's economy is tied to oil, gas, and coal — downturns can reduce buyer confidence and transaction volume.
- - Jackson Hole Competition: The luxury market attracts experienced MLOs — entry-level competition is high in Teton County.
- - Limited Lender Choice: Fewer non-bank lenders operate in Wyoming compared to large states — employer options may be limited.
What is a Mortgage Loan Originator (MLO)?
A Mortgage Loan Originator (MLO) is a licensed professional who takes, offers, and negotiates residential mortgage loans on behalf of borrowers. MLOs — also called loan officers — guide homebuyers and homeowners through the mortgage application process from pre-qualification to closing.
In Wyoming, all MLOs must be individually licensed by the Wyoming Division of Banking and registered through the NMLS (Nationwide Multistate Licensing System). The federal SAFE Mortgage Licensing Act of 2008 mandates that all residential MLOs obtain state licensure before originating loans.
Wyoming MLOs typically earn 0.5%–1.5% commission on each closed loan — making mortgage loan origination one of the most accessible high-income careers in financial services with no college degree required. Wyoming's zero state income tax amplifies take-home earnings beyond what MLOs in most other states can achieve.
How to Get Your Wyoming MLO License
Create Your NMLS Account & Get Your NMLS ID
Register at statemortgageregistry.com to create your NMLS account and receive a unique NMLS ID number. This permanent ID follows you throughout your entire MLO career across all states — you'll use it to track education, exam results, and license applications.
Complete 20 Hours of NMLS-Approved Pre-License Education
Enroll in a 20-hour NMLS-approved SAFE course covering federal law (3 hrs), ethics (3 hrs), non-traditional mortgage lending (2 hrs), and electives (12 hrs). Wyoming does not require any state-specific education hours beyond the standard 20-hour national SAFE curriculum. All schools on CertLaunch offer fully online courses you can complete at your own pace.
Pass the SAFE MLO Test (National + Uniform State Content)
Schedule your SAFE MLO exam through your NMLS account via Prometric. The exam costs $110, has 115 scored questions, and requires a 75% passing score (87 correct). Plan for at least 2–3 weeks of dedicated exam prep after completing your coursework. The national first-attempt pass rate is approximately 54%.
Complete Background Check & Credit Report Authorization
Submit fingerprints through an NMLS-approved fingerprint vendor for an FBI criminal background check ($36.25). Authorize a credit report pull through NMLS ($15). A credit score of 600+ is recommended. Serious criminal convictions or unresolved financial issues may result in denial.
Submit Your Wyoming MLO License Application via NMLS
Log into your NMLS account and submit the Wyoming MLO license application. Pay the Wyoming state fee ($150) and NMLS processing fee ($35). Upload all required documents including your education completion certificate and background check authorization.
Obtain Employer Sponsorship
Your license is not active until a licensed Wyoming mortgage company submits a sponsorship request through NMLS. Secure employment or a sponsorship agreement with a licensed Wyoming mortgage lender or broker before or during your application. Wyoming-licensed sponsors may allow remote work arrangements.
Wyoming MLO License Requirements
Eligibility Requirements
- Minimum age: 18 years old
- Social Security Number required
- No college degree required
- No Wyoming residency required
- Must pass FBI criminal background check
- Must authorize credit report pull (NMLS)
- Must demonstrate financial responsibility
Education & Exam Requirements
- 20 hours of NMLS-approved pre-license education
- No Wyoming state-specific hours required
- Pass the SAFE MLO Test (National + UST)
- Exam administered by Prometric
- 8 hours CE required annually for renewal
Pre-License Education Breakdown (20 Hours)
Wyoming does not require state-specific education hours — the standard 20-hour national SAFE curriculum fulfills the full education requirement.
Wyoming MLO License Cost Breakdown
Here's the complete breakdown of what it costs to get your Wyoming MLO license in 2026. Wyoming's $150 state fee is one of the lowest in the country — making this one of the most affordable MLO licensing paths in the United States.
| Pre-License Education (20 hours) | $159 – $400 | Use CERTLAUNCH for 20% off RealEstateU |
| SAFE Exam Fee | $110 – $110 | Prometric (scheduled via NMLS) |
| Wyoming State Fee | $150 – $150 | Wyoming Division of Banking — one of the lowest in the US |
| NMLS Processing Fee | $35 – $35 | Nationwide Multistate Licensing System |
| FBI Background Check | $36.25 – $36.25 | NMLS-approved fingerprint vendor |
| Credit Report Authorization | $15 – $15 | Pulled with NMLS application |
| Estimated Total | $505 – $746 | Save 20% on education with CERTLAUNCH |
🏆 Most Affordable State: Wyoming's $150 state fee — combined with zero state income tax — makes it the most cost-effective US state for MLO licensing. Compare to Alaska ($600 in state fees alone) or Florida ($395+ in state fees). All state and federal fees are non-refundable.
The SAFE MLO Exam — What to Expect
Exam Details
- Exam name: SAFE MLO Test (National + Uniform State Content)
- Scored questions: 115 (plus 10 unscored pilot questions)
- Total questions: 125
- Passing score: 75% (87 of 115 correct)
- Time allowed: 3 hours, 10 minutes
- Exam fee: $110
- Provider: Prometric
- Scheduling: Through your NMLS portal
Exam Topic Areas
- Federal mortgage-related laws (~23%)
- General mortgage knowledge (~23%)
- Mortgage loan origination activities (~25%)
- Ethics in mortgage lending (~16%)
- Uniform state content (~13%)
Retake Policy
- • 1st & 2nd failure: 30-day wait before retake
- • 3rd+ failure: 180-day wait before retake
💡 SAFE Exam Tip
The national first-attempt pass rate for the SAFE exam is approximately 54%. Focus your exam prep on federal laws (RESPA, TILA, ECOA, Fair Housing Act), loan types, ethics scenarios, and the uniform state content section. Schools like 24hourEDU, Diehl Education (Prep2Pass), and RealEstateU's Standard and Premium packages include exam prep at no additional cost.
How Long Does It Take to Get a Wyoming MLO License?
3 – 5 weeks
Fast Track
4–6 hours/day, dedicated study
5 – 8 weeks
Part-time
2–3 hours/day
2 – 3 months
Casual pace
5–7 hours/week
| Step | Activity | Time |
|---|---|---|
| 1 | Create NMLS account & get NMLS ID | 1–2 days |
| 2 | Complete 20-hour pre-license education | 1–3 weeks |
| 3 | Schedule & pass SAFE exam | 1–3 weeks |
| 4 | Submit fingerprints & background check | 1–2 weeks |
| 5 | Submit Wyoming MLO application via NMLS | 1–2 days |
| 6 | Wyoming Division of Banking reviews application | 1–3 weeks |
| 7 | Employer submits sponsorship | 1–3 days |
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Explore Other MLO Licenses
Compare the Wyoming MLO license with other states and licensed real estate careers.
Frequently Asked Questions
How much does it cost to get an MLO license in Wyoming?
Getting your Wyoming MLO license costs approximately $505–$750 total — making it one of the most affordable licensing paths in the United States. This includes the 20-hour pre-license course ($159–$400), the SAFE MLO exam ($110), the Wyoming state fee ($150), the NMLS processing fee ($35), a background check ($36.25), and a credit report authorization ($15). Wyoming's flat $150 state fee is among the lowest in the country. Use code CERTLAUNCH at RealEstateU to save 20% on education and keep startup costs under $520.
How long does it take to become a licensed MLO in Wyoming?
Most candidates complete the Wyoming MLO licensing process in 5–10 weeks. This includes completing the 20-hour pre-license course (1–3 weeks), studying for and passing the SAFE exam (1–3 weeks), and awaiting NMLS application review and employer sponsorship (1–3 weeks). Motivated full-time students studying 4–6 hours per day can potentially finish in as little as 3–4 weeks.
What are the education requirements to become an MLO in Wyoming?
Wyoming requires only 20 hours of NMLS-approved pre-license education — the standard national SAFE curriculum. There are no Wyoming state-specific education hours required beyond the 20-hour national requirement. Courses cover federal law (3 hrs), ethics (3 hrs), non-traditional mortgage lending (2 hrs), and general electives (12 hrs). All courses are available fully online. After licensing, you must complete 8 hours of continuing education annually.
Does Wyoming have a state income tax?
No — Wyoming has no state income tax. This is one of the most significant financial advantages for Wyoming MLOs. While MLOs in California, New York, or Illinois lose 5%–13% of their income to state taxes, Wyoming MLOs keep 100% of their earnings above the federal rate. For an MLO earning $100,000/year, this can mean $5,000–$9,000 more in take-home pay annually compared to higher-tax states.
Is the Wyoming MLO (SAFE) exam hard?
The SAFE MLO exam is challenging — nationally, only about 54% of first-time test takers pass. The exam has 115 scored questions covering federal mortgage law, ethics, loan origination practices, and uniform state content. You need a 75% score (87 of 115 correct) to pass, with 3 hours and 10 minutes to complete it. Thorough preparation using a full 20-hour course and practice exams significantly improves your chances. Schools like 24hourEDU and RealEstateU's Standard and Premium packages include exam prep.
How much do mortgage loan originators make in Wyoming?
Wyoming MLOs earn approximately $72,000–$120,000 per year. Entry-level MLOs may start at $50,000–$70,000, while experienced producers in markets like Cheyenne, Casper, and Laramie earn $80,000–$120,000. Jackson Hole MLOs serving the luxury market can earn $200,000+ annually — the median home price in Teton County exceeds $1 million. MLOs typically earn 0.5%–1.5% per closed loan. On Wyoming's $345,000 statewide median home price, that's $1,725–$5,175 per transaction.
Do I need a college degree to become an MLO in Wyoming?
No — Wyoming does not require a college degree to become a licensed mortgage loan originator. You need to be at least 18 years old, have a Social Security number, complete 20 hours of pre-license education, pass the SAFE MLO exam, clear a background check, and secure employment sponsorship from a licensed Wyoming mortgage company. Your ability to originate loans and build client relationships matters far more than formal education credentials.
Who regulates Wyoming MLO licenses?
The Wyoming Division of Banking regulates mortgage loan originators in Wyoming. The Division oversees the issuance and renewal of MLO licenses through the NMLS system. Wyoming does not have a separate state mortgage exam — the national SAFE exam covers all requirements. License applications, renewals, and sponsorships are all processed through the NMLS (nmls.statemortgageregistry.com).
Can I get a Wyoming MLO license with a criminal record?
It depends on the nature of the conviction. Under the federal SAFE Act, felony convictions within the past 7 years — or any felony involving fraud, dishonesty, breach of trust, or money laundering — are disqualifying. Misdemeanors and older convictions are reviewed case-by-case by the Wyoming Division of Banking. If you have a criminal record, consult with the Wyoming Division of Banking before investing time and money in the licensing process.
Is Wyoming a good state to be an MLO?
Wyoming is an excellent state for MLOs who value maximum take-home pay and low licensing costs. The combination of no state income tax and a low $150 state fee makes Wyoming one of the most financially advantageous states for MLOs. The Jackson Hole luxury market ($1M–$3M+ home prices) offers exceptional commission potential. The broader Wyoming market — Cheyenne, Casper, Laramie — features steady activity driven by energy sector workers, military personnel at F.E. Warren AFB, and growing migration from higher-cost states.