Final answer:
On-NMLS requirements for an Endorsement license are state-specific prerequisites that must be met outside of the NMLS system, such as background checks and state-specific education, which vary by state.
Step-by-step explanation:
The on-NMLS requirements for an Endorsement license refer specifically to the standards and prerequisites that must be satisfied outside of the Nationwide Multistate Licensing System & Registry (NMLS). Although the NMLS is used for processing license applications, individual states may have additional requirements for endorsing a mortgage loan originator or other financial services licenses. These state-specific requirements could include background checks, credit reports, state-specific education, testing, bonding, or insurance that are managed outside the NMLS platform.
To ensure compliance with the on-NMLS requirements for an Endorsement license, prospective licensees should check with their state's regulatory body or licensing authority for the precise list of requirements. Since NMLS standardizes part of the licensing process, it is essential to understand that other obligations might have to be fulfilled through separate state-specific procedures.