What Happens to Your NMLS Mortgage License Account When You Die
Quick Facts
Priority
High
NMLS
Surrender license through employer
Active loans
Must be reassigned
Step-by-Step Guide
Notify the employing company
Contact the mortgage company or bank to report the death. The employer is responsible for filing the termination with NMLS.
Surrender NMLS license
The employer will file the termination through the NMLS system. If the individual was an independent broker, the estate must handle surrender directly.
Reassign active loan files
Ensure all loans in process are reassigned to another licensed mortgage loan originator to avoid delays for borrowers.
Document Now Checklist
- NMLS ID number
- State(s) of licensure
- Employing company and branch
- Active loan pipeline count
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Start your vault — free for 30 daysLast verified: June 2026. Platform policies may change. Verify current procedures directly with NMLS Mortgage License. This guide is for informational purposes only and does not constitute legal advice.
Related Guides
Social Security
Social Security must be notified of death immediately. Benefits paid after death must be returned. Survivor benefits may be available.
IRS / Tax Returns
A final individual tax return must be filed for the year of death. Estates over $13.61M may owe federal estate tax.
Veterans Affairs (VA)
Veterans are entitled to burial benefits, a headstone or marker, a burial flag, and Presidential Memorial Certificate — all at no cost.
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