+ $33.00 NMLS Credit Banking Fee
|Purpose:||This package includes national, CA DBO state-specific requirement, and a prep webinar to prepare you for the MLO license exam|
|Features:||online text, online video, online audio, downloadable workbook, practice tests, test simulator, printable certificate, PDF eBook, Webinar|
|Category:||Mortgage > License Training > California|
7405 SW Beveland Rd,
Portland, OR 97223
All times are listed in Pacific Time (PST)
This package includes national, CA DBO state-specific requirement, and a prep webinar to prepare you for the MLO license exam
This package contains two courses required for individuals who want to become licensed mortgage loan originators under the regulation of the California Department of Business Oversight (DBO). Students are required to take a standard national study component and a DBO-specific 2-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.
2 Hour CA-DBO SAFE: California Mortgage Lending Laws (NMLS ID 11090) - This online self-study DBO-specific course will cover the specific State of California licensing requirements and the additional CA mortgage lending laws that must be followed.
Please see the mortgage loan originator training course details below to download a copy of each courses' syllabus.
The 20-hour 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 2-hour DBO course is presented as a self-study course that you can complete at your own pace after completing the 20-hour main course. It will cover rules and regulations specific to California and the California Department of Business Oversight (DBO).
Included in this mortgage loan originator training bundle is a supplemental online study guide to help you retain the information covered during the instructor-led 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.
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:
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.
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.