NMLS 20 Hour SAFE Online Mortgage Education Comprehensive Instructor Led Training Course
NMLS Approved 20 Hour SAFE Comprehensive Mortgage Online Training
Instructor Led Course Bundle Special Only $269 $239 through April 30th!
The online instructor led NMLS approved course #2161 with test prep bundle both fulfills the core education requirement and prepares you to pass the NMLS national test.
The Secure and Fair Enforcement Act also known as the "SAFE" Act was passed in 2008. It outlines both the education and testing requirements needed to get licensed as a sponsored mortgage loan originator. The Nationwide Mortgage Licensing System and Registry ("NMLS") was created both as a licensing and registration resource for prospective and current licensees. (NMLS Education SITE) Enrolling in the 20 Hour PE course and preparing to pass the national exam is the first steps in obtaining a mortgage loan originator license.
(COUPON CODE: APRILPL offer ends April 30th)
ORDER BY PHONE: 801-676-2529
Each state requires a minimum of 20 Hours of NMLS approved pre-license education and some states require additional hours. For a updated state-specific education chart as of April 2014 use the link provided to find out what your state specific requirements are. The minimum pre-license education for new mortgage loan originators outlined by the SAFE Act is as follows:
3 Hours of federal laws and regulations
3 hours of ethics
2 hours of lending standards related to non-traditional mortgage products
12 hours of undefined instruction on mortgage origination
Approved education must be delivered by an accredited or approved NMLS provider. Mortgage Educators and Compliance is an approved provider of education since 2009 (provider #1400062 which can be verified on the NMLS approved provider list). There are 3 formats of delivery to complete your education: live classroom, webinar and online instructor led known as "OIL".
Mortgage Educators and Compliance is excited to offer our online instructor led bundle course with test preparation practice tests for the low discounted rate of $269 $239 Offer Extended through April 30th* Includes Mandatory NMLS $30 Banking FEE
This course is broken up into 5 minute sections. Each section contains pre-recorded videos followed by assignments and small quizzes. We offer interactive video along with our presentation to improve the learning experience. We offer weekly schedule start dates allowing you access the materials 24/7 once the course is loaded into your online account.
Course Content Outline :
Chapter 1 - Course Introduction
Chapter 2 - General Mortgage Knowledge
Chapter 3 - Federal Laws
Midway Chat with Instructor
Chapter 4 - Non-Traditional Mortgage Products
Chapter 5 - Ethics and Fraud
Chapter 6- Final Exam and Survey
FOR A LIMITED TIME take advantage of our very affordable NMLS approved education bundle which focuses on preparing you to pass the NMLS national exam on the first try for just $269 $239. (Use coupon code: APRILPL at checkout) Choose from several start dates each week and flexible 7 or 14 day track dates. All NMLS approved online instructor led courses are required to have a defined time frame of completion of either 7 or 14 calendar days.
Need more information? 20 Hour National SAFE Comprehensive Pre-licensure Course
Did you know that approximately 50% of the NMLS National Exam is not covered by the 8 hours of "core" topics mandated by the NMLS? Therefore, the 20 hour NMLS-approved course you choose to prepare you to pass the National NMLS Exam does matter!
At Mortgage Educators and Compliance, we have opted to allocate the 12 elective hours in 2014 to address the 50 percent of the Exam NOT covered in the "core" 8 hours. This includes detailed content concerning both loan origination activities and general mortgage knowledge. We also use a portion of the 12 hours to expand upon the most difficult section of the National NMLS Exam: Federal Laws and Regulations.
In order to provide you with the greatest opportunity to pass the National NMLS Exam, we built the entire 20 hour course around the NMLS National Component With UST Outline. All topic and subtopics addressed on the outline are covered in great detail in our 20 Hour SAFE Comprehensive OIL Course. Also, all licensees who sign up for our 20 Hour National SAFE Comprehensive Pre-licensure Course will receive FREE access to our exclusive online NMLS Test Prep which includes over 700 practice question and 200 UST (Uniform State Test) prep questions a $159 value.
Below are some things you should know about the test and education breakdown.
NMLS National Exam with UST
The National NMLS Exam tests you in five major categories:
- Federal Law (30%)
- General Mortgage Knowledge (20%)
- Loan Origination Activities (20%)
- Ethics (15%)
- Uniform State Test (15% adds 25 more questions to the exam)
Required Education NMLS APPROVED COURSE #2161
The SAFE Act mandates that all individuals take 20 hours of Pre-license education to receive their mortgage license. Although 20 hours are required, only 8 of the 20 hours have topics prescribed by the NMLS governing body. The 20 hours are broken down as follows:
- 8 Core Hours
- 3 hours of Federal law and regulations;
- 3 hours of ethics, this shall include instruction on fraud, consumer protection, and fair lending issues;
- 2 hours of training related to lending standards for the nontraditional mortgage product marketplace; and
- 12 hours of undefined instruction on mortgage origination which MEC has choosen to be on Test Preparation.
- Our NMLS approved 20 hour online instructor led profile is a comprehensive and has several available start dates and times.
EMAIL 20hour@MortgageEducators.com for any further questions.