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[Super Deluxe] 20 Hour SAFE Comprehensive with Oregon DCBS Elective and Test Prep Webinar

Oregon Pre-License 24 Hours Online Instructor-Led Bundle

Everything you need to get your MLO license in Oregon. Includes live exam prep webinar.

Everything you need to become licensed mortgage loan originator in Oregon. This pre-license training meets SAFE Comprehensive & OR-DCBS requirements. Live webinar exam prep included!
$345.00
Add To Cart Check Dates Available

Included Standard:

Online Materials Includes Video Online Audio Live Class Webinar State Component Printable Certificate PDF & EPUB eBook Practice Tests Test Simulator Live Test Prep Webinar

Online Materials

All learning is online. Start immediately after registration.

Includes Video

Video segments highlight important points

Online Audio

Read-along audio plays the course text back to you.

Live Class Webinar

Participate in an online session with a live instructor.

State Component

Includes the online self-study course necessary for an Oregon DCBS state license.

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

Practice Tests

Large bank of test questions familiarize you with licensing exam topics.

Test Simulator

Practice tests simulate a real licensing exam and help you mentally prepare.

Live Test Prep Webinar

Prepare for your NMLS licensing exam with live instructor counseling.

This package contains two courses required for individuals who want to become licensed mortgage loan originators under the regulation of the Oregon Department of Consumer and Business Services (DCBS), an agency of the Oregon Division of Financial Institutions (DFI). Students are required to take a standard national study component and a DCBS-specific 4-hour course.

  • 20 Hour SAFE Comprehensive: Mortgage Loan Originator Prelicensure Course (NMLS ID 6121) - This course starts by teaching you the basics about what a mortgage loan is, goes into the federal laws and ethical practices that you will be expected to comply with, covers how to get a mortgage loan originator's license via the Nationwide Mortgage Licensing System (NMLS), and explains several nontraditional mortgage loans you may not be familiar with. We'll also show the step-by-step process to filling out a mortgage application, making note of factors that potentially could become issues with your customer's loan, and then walk through the loan underwriting process to loan closing.

  • 4 Hour OR SAFE: Oregon Mortgage Lending Laws (NMLS ID 11174) - This 4-hour course covers Oregon specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become an Oregon mortgage loan originator.

Please see the course details below to download a copy of each courses' syllabus.

The 20-hour MLO prelicense course is presented in an online instructor-led format. The course is made of online reading materials and activities, along with scheduled instructor sessions that will be available for each of the four days the course takes place. The instructor sessions are provided through a webinar software and a dial-in audio telephone number. You can use the instructor session to ask questions about the course content.&

The 4-hour OR course is presented in an online self-study format over the internet. You will take this course online by completing reading activities, watching videos, and passing quizzes. The final exam for the course will be accessible after you complete the mandated 4 credit hours of study time. An instructor is available via email.

Bonus: Mortgage Loan Originator Prelicense Exam Prep

Included in this bundle is a supplemental online study guide to help you retain the information covered during the instructor-lead 20-hour prelicense course. Each segment from the prelicensure course has a corresponding chapter in the exam prep guide, containing additional test questions to help you remember the segment topics. At the end of the study guide is an exam based on the same requirements as the actual licensing exam: 125 questions in 190 minutes with a minimum 75% passing score. The exam prep module does not contain any state-specific material.

The exam prep study guide does not have to be completed to pass the MLO education requirement, but may be useful for preparing to take the NMLS mortgage loan originator licensing exam.

Bonus: Mortgage Loan Originator Licensing Exam Prep Webinar

Also included in this bundle is a live instructional webinar that will give you tried-and-true tips on passing the national mortgage loan originators licensing exam. This 2-hour webinar covers topics such as:

  • How to Schedule Your Exam
  • What to Expect Upon Arrival
  • Proven Study Strategies and Test-Taking Techniques
  • How to Effectively Utilize the NMLS Test Content Outline
  • Your Turn! Q&A Content and Material Review

This test prep webinar is for preparing for your licensing exam after you have completed the 20 hours of study time. When registering, please select a session that will be on a date later than your anticipated prelicense course completion date.

Summary

Price: $345.00 (USD)
+ $36.00 NMLS Credit Banking Fee
Credit Hours: 24
Category: Mortgage > License Training > Oregon
Purpose: Everything you need to get your MLO license in Oregon. Includes live exam prep webinar.
Features: Online Materials, Online Video, Online Audio, Live Class Webinar, State Component, Printable Certificate, PDF eBook, Practice Tests, Test Simulator, Live Test Prep Webinar

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Courses Included:

Sessions Available:

20 Hour SAFE Comprehensive - Mortgage Loan Originator Pre-Licensure Education Course

October 26- October 29

  • October 26, 12:00pm - 1:00pm PDT
  • October 27, 12:00pm - 1:00pm PDT
  • October 28, 12:00pm - 1:00pm PDT
  • October 29, 12:00pm - 1:00pm PDT

November 2- November 6

  • November 2, 12:00pm - 1:00pm PST
  • November 4, 12:00pm - 1:00pm PST
  • November 5, 12:00pm - 1:00pm PST
  • November 6, 12:00pm - 1:00pm PST

November 9- November 12

  • November 9, 12:00pm - 1:00pm PST
  • November 10, 12:00pm - 1:00pm PST
  • November 11, 12:00pm - 1:00pm PST
  • November 12, 12:00pm - 1:00pm PST

November 16- November 19

  • November 16, 12:00pm - 1:00pm PST
  • November 17, 12:00pm - 1:00pm PST
  • November 18, 12:00pm - 1:00pm PST
  • November 19, 12:00pm - 1:00pm PST

November 23- November 27

  • November 23, 12:00pm - 1:00pm PST
  • November 24, 12:00pm - 1:00pm PST
  • November 25, 12:00pm - 1:00pm PST
  • November 27, 12:00pm - 1:50pm PST

NMLS Mortgage Licensing Exam Test-Prep Webinar

October 22, 9:30am - 11:30am PDT

October 27, 1:30pm - 3:30pm PDT

October 28, 6:00pm - 8:00pm PDT

October 29, 9:30am - 11:30am PDT

October 31, 11:00am - 1:00pm PDT

November 4, 6:00pm - 8:00pm PST

November 5, 9:30am - 11:30am PST

November 6, 2:30pm - 4:30pm PST

November 12, 9:30am - 11:30am PST

November 13, 1:30pm - 3:30pm PST

November 14, 11:00am - 1:00pm PST

November 17, 1:30pm - 3:30pm PST

November 18, 6:00pm - 8:00pm PST

November 19, 9:30am - 11:30am PST

Terms of Service:

Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:


Courses Included In This Package:

20 Hour SAFE Comprehensive - Mortgage Loan Originator Pre-Licensure Education Course

NMLS Course ID: 6121

NMLS Sponsor ID: 1400327

Credit Hours Provided: 20

View Course Syllabus

This 20-hour course will teach you the various aspects of the mortgage lending industry such as loan finance documents, the laws that must be followed, the importance of ethical conduct, how to watch out for fraud and other nefarious acts, how to complete a loan application and the process for loan approval, and various different loan programs that are available to consumers.

Some states require state-specific prelicense education in addition to the standard course. Please check with your state regulatory agency, the NMLS, or contact us to verify if the jurisdiction you are becoming licensed under requires additional state-specific training.

Course Content

This course is divided into two components:

  1. Twelve (12) chapters of online reading material and online testing
  2. Four (4) days of instructor-led 1-hour live webinars

The online reading modules in this course are:

  • Segment 1: The Mortgage Lending Industry
  • Segment 2: Basic Loan Finance Documents
  • Segment 3: Financing Terminology
  • Segment 4: The SAFE Act
  • Segment 5: Federal Laws Governing Mortgage Practice
  • Segment 6: Ethics and Consumer Protection
  • Segment 7: Fraud and Money Laundering
  • Segment 8: The Mortgage Loan Application
  • Segment 9: Processing and Underwriting
  • Segment 10: Closing
  • Segment 11: Financial Calculations
  • Segment 12: Specific Loan Programs

This course is structured to be completed in a 4-day class starting on Monday and concluding on Thursday. As required by the Nationwide Mortgage Licensing System (NMLS), sections of the course will unlock as the class moves together through the course material, ensuring that no student moves faster than the rest of the class. Instructor-led sessions will be available during the course enrollment period where students can interact with an educator to have questions answered or to help enforce the information that was covered during the course session. Quizzes are given throughout the online course segments.

Please review the course syllabus for the schedule of course topics available on each day of the class.

The online final exam will be presented at the end of the course. The final exam is not timed, contains 25 multiple choice questions, and requires a 70% or higher passing score. Students can take multiple attempts at passing the final exam, with each attempt containing a new set of test questions. The final exam must be completed before the end of the 14-day class session to receive credit for passing the course.

NMLS functional specifications define that a 20-hour mortgage loan originator prelicense courses MUST be completed within 14 days of the course session start date. Students who do not pass the final exam before the enrollment period expires will be marked as failing the course. Refunds will not be issued for failed courses. Extensions to lengthen the 14-day enrollment period are NOT available. Students who fail the course can enroll for a new course session and must start from the beginning.

After successfully passing the final exam, OnlineEd will notify the Nationwide Mortgage Licensing System (NMLS) that the mortgage loan originator pre-eduction has been completed by the student. It is OnlineEd policy to have credit uploaded to the NMLS by the end of the following business day.

The student will have a printable course completion certificate available after passing the course final exam. The certificate is for the student's personal records and is not confirmation that the NMLS has received the notification that the student has completed the course.

Technical Requirements

This is an online instructor-led course that contains online reading materials, audio presentations, and video presentations. Students will need to have a current internet browser and computer speakers. The instructor-led webinar sessions are presented using Citrix GoToMeeting software. A webcam is NOT required. An audio bridge call-in number along with confirmation of the webinar session times will be emailed to students when the class begins.

NMLS Unique ID is Required

You will need a NMLS Unique ID number in order for us to upload record of your course completion to the NMLS. If you already have an NMLS ID but don't remember what it is:

  • Login into NMLS

  • Click on the Composite View tab.

  • Click View Individual on the sub-header row.

  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center:

https://mortgage.nationwidelicensingsystem.org/licensees/resources/LicenseeResources/Create-an-Individual-Account-Quick-Guide.pdf

Learning Module Outline

Segment 1: The Mortgage Lending Industry

Total study time: 30 minutes

This segment will give you an overview of the mortgage lending industry. Students will learn about various types of lenders and the parties who are involved in the mortgage lending process.

Segment 2: Basic Loan Finance Documents

Total study time: 30 minutes

This segment will explain the various promissory notes that are available. Students will also learn the three main types of security instruments used in residential purchase transactions.

Segment 3: Financing Terminology

Total study time: 1 clock hour

There are many terms and words used within the mortgage industry that aren't a part of the everyday person's vocabulary. This segment will outline many common words and loans used in the lending industry.

Segment 4: The SAFE Act

Total study time: 1 clock hour

After the passage of the SAFE Act, a national registration system was created that allowed states to use a centralized system to supervise the licensing of individuals and companies. This segment will explain the SAFE Act and its implications on the mortgage industry

Segment 5: Federal Laws Governing Mortgage Practice

Total study time: 4.5 clock hours

This segment will outline many of the important federal regulations and rules that students will need to comply with when working with borrowers on residential loan transactions.

Segment 6: Ethics and Consumer Protection

Total study time: 1 clock hour

Interacting with the public must always be done in an ethical manner. There are many courtesy standards that should be followed, as licensees are expected to protect the loan applicant's interests and not take an unfair advantage of an applicant in order to earn a commission.

Segment 7: Fraud and Money Laundering

Total study time: 1 clock hour

This segment will outline the ways in which loan fraud is used for illegal activities, the programs that companies are expected to create to detect fraud, and the various ways that criminals try to trick lenders (and mortgage loan originators) into financing their property purchases.

Segment 8: The Mortgage Loan Application

Total study time: 2.5 clock hours

This segment will outline both the standard loan application and the Loan Estimate disclosure. Students will also learn about credit scores and what to look out for when working with documents submitted by applicants to support their personal financial obligations.

Segment 9: Processing and Underwriting

Total study time: 30 minutes

Appraisals are often used to confirm that the property being used as collateral for the loan is adequate in case of borrower default. If the lender has to take the property and sell it, the property should be worth enough money for the lender to recoup its financial loss.

Segment 10: Closing

Total study time: 2 clock hours

In this segment students will learn about the CFPB's Closing Disclosure. This form is in conjunction with the earlier Loan Estimate and discloses the final details of the approved loan to the borrower.

Segment 11: Financial Calculations

Total study time: 30 minutes

Financial transactions naturally involve a lot of math calculations; the amount to be repaid monthly, how much interest a loan will accrue during its term, and so on. Students will also need to be able to take the income and debt values supplied by the loan applicant to determine if he or she will even meet the minimum qualifications for the loan being applied for.

Segment 12: Specific Loan Programs

Total study time: 2 clock hours

There are a variety of loan programs available for applicants to qualify for. This segment will give students an overview of a variety of loan programs that borrowers can apply for.

This course will remain available to students for 14 days after enrollment.

4 Hour OR SAFE: Oregon Mortgage Lending Laws

NMLS Course ID: 11174

NMLS Sponsor ID: 1400327

Credit Hours Provided: 4

View Course Syllabus

This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Oregon under the Division of Financial Regulations (DFR) under the Oregon Department of Consumer and Business Services (DCBS). This 4-hour course covers Oregon specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become an Oregon mortgage loan originator.

Topics and Learning Objectives

This course consists of six modules and a final exam:

  1. Mortgage Lending General Provisions (20 minutes)
  2. Oregon Mortgage Lending Law and the Oregon SAFE Act (50 minutes)
  3. Licensing of Mortgage Bankers and Mortgage Brokers (40 minutes)
  4. Licensing of Mortgage Loan Originators (25 minutes)
  5. Dishonest, Fraudulent, Unfair, and Unethical Practices (25 minute)
  6. Custody and Possession of Client Funds (20 minutes)
  7. Final exam (20 minutes)

Total study time: 4 clock hours

Module 1: Mortgage Lending General Provisions

In this module students will start out with an introduction to Oregon loan and lending terminology, recordkeeping time frames, and correcting data submitted to the Nationwide Mortgage Licensing System and Registry (NMLSR).

Module 2: Oregon Mortgage Lending Law and the Oregon SAFE Act

All mortgage professionals operating throughout the State of Oregon must be familiar with the processes, procedures, allowances, prohibitions, and requirements as set forth through ORS 86A. All licensing candidates should familiarize themselves with ORS 86A to ensure that they act compliantly throughout all their daily professional activities.

Module 3: Licensing of Mortgage Bankers and Mortgage Brokers

Licensed mortgage brokers and bankers are responsible for supervising the activities of the mortgage loan originators associated with their broker or banker license. In this chapter we'll introduce the licensing requirements for mortgage brokers and bankers, how mortgage brokers and bankers hire MLO licensees, branch office registration, proper use of assumed business names, and a licensee's reporting requirements to the NMLSR.

Module 4: Licensing of Mortgage Loan Originators

Individuals who desire to offer or negotiate residential mortgage loans with the expectation of compensation are required to be licensed as mortgage loan originators. In this chapter we'll explain the process of becoming licensed as an MLO, the annual license maintenance requirements, and status changes that need to be submitted to the NMLSR.

Module 5: Dishonest, Fraudulent, Unfair, and Unethical Practices

All licensees within this state are prohibited from participating in activities that are fraudulent, misleading, or deceptive towards consumers. This chapter will list the prohibited activities that may result in disciplinary actions against an Oregon licensee.

Module 6: Custody and Possession of Client Funds

Funds supplied by a client during their residential mortgage loan transaction are to be handled by specific rules relating to trust funds. This chapter covers the regulations regarding caring for funds that belong to others.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID, but don't remember what it is:

  • Login into NMLS,
  • Click on the Composite View tab, then
  • Click View Individual on the sub-header row.
  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center

This course will remain available to students for 365 days after enrollment.

Mortgage Loan Originator Prelicense Exam Prep

This course is a study guide to help licensee applicants prepare for the mortgage loan originator licensing exam. Each chapter of this course contains a study exam of test questions that students can use to help retain the information taught during the 20-hour national prelicense course. 

The topics covered in this course are:

  • Segment 1: The Mortgage Lending Industry        
  • Segment 2: Basic Loan Finance Documents        
  • Segment 3: Loan Types and Terminology        
  • Segment 4: The SAFE Act        
  • Segment 5: Federal Laws Governing Mortgage Practice        
  • Segment 6: Ethics and Consumer Protection        
  • Segment 7: Fraud and Money Laundering        
  • Segment 8: The Mortgage Loan Application        
  • Segment 9: Processing and Underwriting        
  • Segment 10: Closing        
  • Segment 11: Financial Calculations        
  • Segment 12: Specific Loan Programs

Each chapter's study exam presents a large number of questions for students to test themselves on. As each question is graded as correct, the number of questions available in the chapter's prep test will be reduced until the student has correctly answered all of the questions in the chapter. Progress can be reset at any time if the student wants to be presented with all of the chapter's test questions again.

At the end of the course is a test based on the same timing requirements as the NMLS MLO licensing exam. The test will present 125 questions in a random order. Students will have 190 minutes to achieve a 75% or higher passing score. This sample exam may be attempted as many times as desired.

Completing this module is not necessary for earning credit towards completing the prelicense education requirements to earn a mortgage loan originator license. 

This course will remain available to students for 365 days after enrollment.

NMLS Mortgage Licensing Exam Test-Prep Webinar

The NMLS Mortgage License Exam Webinar will provide you with:

  • information on how to schedule your NMLS examination,
  • insight as to what you can expect upon arriving at the testing center,
  • proven test-preparation and study strategies as well as test-taking techniques that work,
  • instruction on how to effectively utilize the NMLS Test Content Outline,
  • Fifteen (15) additional study sources,
  • a Question & Answer session during which you can seek clarification on test topics you are unsure of or not thoroughly fluent in, and
  • the opportunity to sign up for one-on-one, personalized test-prep tutoring.

This 2-hour webinar session will share proven exam-taking and study strategies with you that have assisted numerous test candidates build their confidence and pass this exam. Created and delivered by a seasoned mortgage professional, mortgage instructor, and trainer, this webinar can increase your odds of knocking the NMLS national mortgage licensing examination out of the park on your first attempt. Think of this as an investment in yourself, your career, and your success. Can you really afford not to? Sign up today!

This webinar is intended to better prepare you to take the NMLS mortgage loan originator licensing exam. Please register for a 2-hour study session that will occur on a date AFTER you have completed your initial MLO prelicense training.

About Your Instructor

Rich Leffler is the President, CEO, and Senior Instructor of AxSellerated Development, LLC, a success coaching and mortgage consulting firm dedicated to assisting others achieve personal and professional success. In addition to being a charismatic, captivating, and sought-after personal success coach, instructor, NMLS exam tutor, and speaker, Rich is responsible for creating, coordinating, and executing training curriculums affording new mortgage loan originators and those considering a career in mortgage lending with the fundamental skills necessary to originate successfully and compliantly.

Technical Requirements

This 2-hour test prep webinar is presented through the GoToTraining online platform. You may test your system to verify it is compatible with GoToTraining at the following page:

This course will remain available to students for 1 days after enrollment.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.