"An investment in knowledge pays the best interest"
- Benjamin Franklin
BECOME A MORTGAGE LOAN ORIGINATOR
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
LIVE 20 HOUR CA-DBO SAFE COMPREHENSIVE MLO COURSE
This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage (SAFE) Licensing Act for a comprehensive 20-hour California prelicensing course for mortgage loan originators including the 2-hour California requirement. See the Mortgage Loan Originator License Requirements at the bottom of this page for more detailed information.
This course covers topics required by the SAFE Act:
Textbooks: Mortgage Lending, Principles & Practices, 8th Edition by Hondros Learning
California-specific Supplement, 5th Edition by Hondros Learning
This course covers topics required by the SAFE Act:
- Federal lending legislation (3 hrs)
- Ethics (3 hrs)
- Nontraditional Mortgage Products (2 hrs)
- Electives on key concepts (12 hours) including financial disclosure, privacy protection, consumer I.D., and predatory lending protection laws; government loan programs; the SAFE Act; and financial calculations.
- California-specific material (2 hrs)
Textbooks: Mortgage Lending, Principles & Practices, 8th Edition by Hondros Learning
California-specific Supplement, 5th Edition by Hondros Learning
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20 HOUR COURSE
$289
+ $30 NMLS Fee - Vertical Divider
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2O HOUR COURSE + CRASH COURSE
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At the door enrollments are cash only and subject to seat availability.
In order to receive credit for this course you are required to:
- Be present and seated for the entire length of the course (signatures on all attendance sheets required)
- Adhere to the Rules of Conduct as specified by the NMLS
- Provide us with your NMLS ID# (See Obtaining a NMLS ID# at bottom of this page.)
LIVE 20 HOUR CA-DBO SAFE COMPREHENSIVE COURSE SCHEDULE
The 20 HOUR CA-DBO COMPREHENSIVE COURSE is held over the course of three days: Saturday and Sunday from 8:30AM to 5:30PM, and Monday from 5:00 to 9:00PM in Anaheim. Please arrive at least 15 minutes early to check in and collect course materials. YOU WILL NOT RECEIVE CREDIT FOR THIS COURSE IF YOU ARE LATE (SEE RULES OF CONDUCT). Schedule subject to change without notice.
CORONAVIRUS/COVID-19 OPERATIONS UPDATE: To ensure the safety of our students and staff all classes have been moved online. Please check back frequently for updates. Thank you for your patience during this time. Stay safe!
MAY 16, 17, 18 via ONLINE ZOOM MEETING ROOM
Instructor: Patrick Lee
SOLD OUT
June 6, 7, 8 via ONLINE ZOOM MEETING ROOM
Instructor: Sharon Butler
Note: You will be required to have webcam and microphone enabled to ensure participation/engagement.
You will be required to present photo ID over webcam.
June 13, 14 & 15 via ONLINE ZOOM MEETING ROOM
Instructor: Patrick Lee
Note: You will be required to have webcam and microphone enabled to ensure participation/engagement.
You will be required to present photo ID over webcam.
MAY 16, 17, 18 via ONLINE ZOOM MEETING ROOM
Instructor: Patrick Lee
SOLD OUT
June 6, 7, 8 via ONLINE ZOOM MEETING ROOM
Instructor: Sharon Butler
Note: You will be required to have webcam and microphone enabled to ensure participation/engagement.
You will be required to present photo ID over webcam.
June 13, 14 & 15 via ONLINE ZOOM MEETING ROOM
Instructor: Patrick Lee
Note: You will be required to have webcam and microphone enabled to ensure participation/engagement.
You will be required to present photo ID over webcam.
OBTAINING A NMLS ID NUMBER
Your NMLS ID number will follow you throughout your mortgage career. You will need it for test enrollment, criminal background authorization, credit report authorization, and your required NMLS education. To obtain an NMLS ID# visit the NMLS Resource Center website. Under 'Popular Links' click 'Quick Guides - Individual'. Under 'Access, Relationships & Sponsorships' click 'Create an Individual Account'. Follow the directions. If you have any questions on how to navigate the system or on what information to provide, call the NMLS Call Center at (855) 665-7123. Keep your NMLS ID number confidential and secure.
MLO LICENSE REQUIREMENTS
If 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 Department of Business Oversight (DBO). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the Department of Real Estate (DRE).
Working under the oversight of the DBO 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.
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 Department of Business Oversight (DBO). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the Department of Real Estate (DRE).
Working under the oversight of the DBO 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.
