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NMLS and SAFE Act Requirements<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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If you are or are planning to be a mortgage industry professional, you need to take action to ensure your licensure.<\/p>\n
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Pre-licensure Education<\/h3>\n
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete 20 hours of pre-licensure education. Many states require additional state law education, as well. View the current\u00a0<\/span>state-specific requirement chart<\/a>\u00a0(PDF).<\/p>\n All MLO\u2019s must also pass the\u00a0SAFE\u00a0Mortgage Loan Originator Test. \u00a0A score of 75% or higher is needed to meet this requirement. If you do not pass, you must wait 30 days before retaking the exam.\u00a0 After three failed attempts, a 180 day wait period is required. This is a difficult exam that you do not want to take lightly.\u00a0 The pass rate for first timers is only about 60% and only 44% in subsequent attempts.<\/p>\n We provide everything you need to fully prepare for and pass this Loan Originator Test.\u00a0 Our courses and products have a long and proven track record of success! The test prep package includes all of the following:<\/p>\n The final steps for licensure involve submitting fingerprints for a a criminal background check, and authorizing a credit report check. \u00a0View\u00a0<\/span>details of the entire process<\/a>.<\/p>\n <\/p>\n The SAFE Act requires that state-licensed MLOs complete 8 hours of education annually to maintain your license. Many states require additional hours of state law to be part of or in addition to this requirement. View the current\u00a0<\/span>state-specific requirement chart<\/a>\u00a0(PDF).<\/p>\n The SAFE Act has a successive year rule that mandates that an MLO may not take the same course two years in a row. All our CE courses are brand new each year so this rule is not a concern.\u00a0 Regardless of your state or requirement, we have it available for you. \u00a0View our\u00a0<\/span>CE training options<\/a>.<\/p>\n <\/p>\n LoanOfficerSchool.com has been in business since 1987 and trained tens of thousands of mortgage industry professionals. Check out what our students are saying by reading our\u00a0<\/span>testimonials<\/a>\u00a0<\/span>and our\u00a0<\/span>TrustLink reviews<\/a>.<\/p>\n Don\u2019t take chances on your education and licensing. We are the best in the industry and stand behind everything we offer. \u00a0Contact LoanOfficerSchool.com today and get your training started!<\/p>\n\n
Continuing Education<\/h3>\n
Start Your Training Program Today<\/h3>\n