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 CA-DFPI 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. This course covers topics required by the SAFE Act: 3 hours of Federal lending legislation, 3 hours of Ethics, 2 hours of Nontraditional Mortgage Products, 12 hours of electives on key concepts, and 2 hours of California-specific material. All course material and textbooks are included with enrollment. NMLS Course Approval #12041
HOW THE COURSE WORKS
This is a classroom equivalent course held live online via Zoom Meeting.
In order to receive credit for this course you are required to:
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:
HOW THE COURSE WORKS
This is a classroom equivalent course held live online via Zoom Meeting.
In order to receive credit for this course you are required to:
- Have a webcam and microphone for this course
- Provide a copy of your photo ID before the start of the class
- Be present (logged in) for the entire length of the course
- Adhere to the to the Rules of Conduct as specified by the NMLS
- Provide us with your NMLS ID# (Reference the NMLS Individual-Account-Quick-Guide for instructions on obtaining an NMLS ID#.)
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)
CLASS SCHEDULE
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SATURDAY - MONDAY, JANUARY 30, 31, FEBRUARY 1
Instructed by Patrick Lee Saturday, January 30, 8:30am - 5:00pm Sunday, January 31, 8:30am - 5:00pm Monday, February 1, 5:00 - 9:00pm |
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SATURDAY - MONDAY, FEBRUARY 20, 21, 22
Instructed by Sharon Butler Saturday, February 20, 8:30am - 5:00pm Sunday, February 21, 8:30am - 5:00pm Monday, February 22, 5:00 - 9:00pm |
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SATURDAY - MONDAY, MARCH 13, 14 & 15
Instructed by T.B.A Saturday, March 13, 8:30am - 5:00pm Sunday, March 14, 8:30am - 5:00pm Monday, March 15, 5:00 - 9:00pm |
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SATURDAY - MONDAY, JANUARY 9, 10, 11
Instructed by Sharon Butler
Instructed by Sharon Butler
MONDAY - FRIDAY, DECEMBER 7, 8, 9, 10, 11
Instructed by Sharon Butler
Instructed by Sharon Butler
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. 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 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. Click here to visit the NMLS Getting Started page for more information.
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