In order to become a licensed Mortgage Loan Originator you must complete 20 hours of NMLS-approved basic education and pass the SAFE MLO Test (state-specific requirements vary). See the Mortgage Loan Originator License Requirements at the bottom of this page for more detailed information. NMLS Course Provider #1400593
20 Hour Mortgage Loan Originator SAFE Comprehensive Course
This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage Licensing Act for a comprehensive 20-hour prelicensing course for mortgage loan originators. This course covers topics required by the SAFE Act: Federal lending legislation (3 hrs), ethics (3 hrs), and nontraditional mortgage products (2 hrs). Also included are 12 hours of electives on key concepts, including financial disclosure, privacy protection, consumer I.D., and predatory lending protection laws; government loan programs; the SAFE Act; financial calculations; conventional loans and financing; loan processes, products, and finance instruments; and the Uniform State Test. NMLS Course ID# 12855
2 HOUR CALIFORNIA SPECIFIC REQUIREMENT:
MLOs in the state of California will be regulated either by the CA-DFPI (California Department of Financial Protection and Innovation) or the CA-DRE (California Department of Real Estate). The CA-DFPI requires that its MLOs complete 2 hours of California specific material, the CA-DRE does not. If you are a Salesperson or Broker licensed under the DRE, this 2 hour requirement does not apply to you. If you are confused about which agency your license will fall under, visit the NMLS website for more information.
The 20 Hour Mortgage Loan Original SAFE Comprehensive Course does not include the 2 hours of California specific material mandated by the CA-DFPI. If you need this requirement, we have partnered with Learn Mortgage so bring you additional course options.
HOW THE COURSE WORKS:
This class will be hosted by ZOOM. Please join the class from your computer, tablet or smartphone.
CRASH COURSE
We encourage you to enroll in the MLO CRASH COURSE along with your 20 HOUR COURSE. The crash course covers everything you need to know in order to pass your exam. Click here for more information about the MLO CRASH COURSE.
ENROLLMENT
Enrollment Fees:
2 HOUR CALIFORNIA SPECIFIC REQUIREMENT:
MLOs in the state of California will be regulated either by the CA-DFPI (California Department of Financial Protection and Innovation) or the CA-DRE (California Department of Real Estate). The CA-DFPI requires that its MLOs complete 2 hours of California specific material, the CA-DRE does not. If you are a Salesperson or Broker licensed under the DRE, this 2 hour requirement does not apply to you. If you are confused about which agency your license will fall under, visit the NMLS website for more information.
The 20 Hour Mortgage Loan Original SAFE Comprehensive Course does not include the 2 hours of California specific material mandated by the CA-DFPI. If you need this requirement, we have partnered with Learn Mortgage so bring you additional course options.
HOW THE COURSE WORKS:
- Rules of Conduct: Please read and fill out the Rules of Conduct form and email it back to me before the start of the class. Click here to download of Conduct Form. NMLS Course ID# 12855
- Identification: We are required to confirm each student's identification via photo ID. Please email me a photo/scan of your photo ID before the start of the class.
- NMLS ID#: Please provide your NMLS ID# in order to receive credit for this course. If you do not have one, click here for instructions on obtaining one.
This class will be hosted by ZOOM. Please join the class from your computer, tablet or smartphone.
CRASH COURSE
We encourage you to enroll in the MLO CRASH COURSE along with your 20 HOUR COURSE. The crash course covers everything you need to know in order to pass your exam. Click here for more information about the MLO CRASH COURSE.
ENROLLMENT
Enrollment Fees:
- 20 HOUR COURSE ONLY: $319 + Shipping
- 20 HOUR COURSE + MLO CRASH COURSE: $498 + Shipping ($30 Discount)
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20 HOUR MLO SAFE
$319 + shipping |
CLASS SCHEDULE
JUNE 26, 27, 28 2021
Instructor: Sharon Butler
Saturday, JUNE 26, 8:30AM - 5:00PM
Sunday, JUNE 27, 8:30AM- 5:00PM
Monday, JUNE 28, 5:00PM- 9:00PM
JULY 17, 18, 19 2021
Instructor: Sharon Butler
Saturday, JULY 17, 8:30AM - 5:00PM
Sunday, JULY 18, 8:30AM- 5:00PM
Monday, JULY 19, 5:00PM- 9:00PM
JULY 31 & AUGUST 1, 2 2021
Instructor: Sharon Butler
Saturday, JULY 31, 8:30AM - 5:00PM
Sunday, AUGUST 1, 8:30AM- 5:00PM
Monday, AUGUST 2, 5:00PM- 9:00PM
AUGUST 14, 15, 16 2021
Instructor: Sharon Butler
Saturday, AUGUST 14, 8:30AM - 5:00PM
Sunday, AUGUST 15, 8:30AM- 5:00PM
Monday, AUGUST 16, 5:00PM- 9:00PM
AUGUST 28, 29, 30 2021
Instructor: Sharon Butler
Saturday, AUGUST 28, 8:30AM - 5:00PM
Sunday, AUGUST 29, 8:30AM- 5:00PM
Monday, AUGUST 30, 5:00PM- 9:00PM
MAY 22, 23, 24 2021
Instructor: Sharon Butler
Saturday, May 22, 8:30AM - 5:00PM
Sunday, May 23, 8:30AM- 5:00PM
Monday, May 24, 5:00PM- 9:00PM
JUNE 12, 13, 14 2021
Instructor: Sharon Butler
Saturday, JUNE 12, 8:30AM - 5:00PM
Sunday, JUNE 13, 8:30AM- 5:00PM
Monday, JUNE 14, 5:00PM- 9:00PM
MLO LICENSE REQUIREMENTS
DFPIIf you intend to originate residential loans in the U.S., you will have to comply with Federal Law. If you intend to originate residential loans in California, you will have to comply with both Federal and California State law.
If you intend to originate loans as a loan officer for an insured depository institution such as a bank, savings & loan, or credit union, you will be federally registered, but not state licensed. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes, but you will not be required to pass a test or take pre-licensing education. Consult with your employer about how to proceed.
If you intend to originate residential loans in California without working for an insured depository institution, you need the educational services we provide. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes If you work as a Consumer Finance Lender (CFL) or a Mortgage Banker, you will answer to the California Department of Financial Protection and Innovation (DFPI). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the California Department of Real Estate (DRE).
Working under the oversight of the DFPI or DRE, you must complete at least 20-hours of pre-licensing education before receiving your Mortgage Loan Origination (MLO) designation. You must also pass a challenging National Test with a score of 75% or better. Click here to visit the NMLS Getting Started page for more information.
If you intend to originate loans as a loan officer for an insured depository institution such as a bank, savings & loan, or credit union, you will be federally registered, but not state licensed. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes, but you will not be required to pass a test or take pre-licensing education. Consult with your employer about how to proceed.
If you intend to originate residential loans in California without working for an insured depository institution, you need the educational services we provide. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes If you work as a Consumer Finance Lender (CFL) or a Mortgage Banker, you will answer to the California Department of Financial Protection and Innovation (DFPI). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the California Department of Real Estate (DRE).
Working under the oversight of the DFPI or DRE, you must complete at least 20-hours of pre-licensing education before receiving your Mortgage Loan Origination (MLO) designation. You must also pass a challenging National Test with a score of 75% or better. Click here to visit the NMLS Getting Started page for more information.
If you are looking for more online options, Real Estate Trainers has partnered with Learn Mortgage to bring you extensive online education.
