+ $30.00 NMLS Credit Banking Fee
|Purpose:||20-hour National SAFE prelicense course, online study guide, and live test prep webinar|
|Features:||online text, online video, practice tests, test simulator, printable certificate, PDF eBook, Webinar|
|Category:||Mortgage > License Training|
7405 SW Beveland Rd,
Portland, OR 97223
All times are listed in Pacific Time (PST)
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.
The learning modules in this course are:
This course is structured to be completed in a 4-day class, Monday through 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 course segments.
Please review the course syllabus for the schedule of course topics available on each day of the class.
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 sessions are presented using Citrix GoToMeeting software, but a webcam is not required. An audio bridge call-in number along with the session dates and times will be given to the students when the class begins.
NMLS functional specification 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.
Included in this bundle is a supplemental online study guide to help you retain the information covered during the instructor-lead session. 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 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 90-minute 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.