Get Your Mortgage Loan Originator License in 2021!

 

Alaska Pre-Licensing Education

Starting at: $349 Now Only $239!

Use Promo Code: 20PEDEAL

 

 

Becoming a Mortgage Loan Originator can feel like a daunting task. MEC is here to make it as easy as possible for you! Obtaining your MLO License is a simple process. Follow the steps below, and you’re well on your way to becoming a licensed Loan Originator in Alaska!

How to Get Your MLO License in Alaska

1 Request an Account from the NMLS

The first step to getting your Alaska Mortgage License is to request an NMLS account and an ID number. To do this, Log Into The NMLS and select “Request an Account". Step-by-step instructions will also load into your MEC account upon purchase of your pre-licensing education.

2 Complete Your Pre-Licensing Education

Alaska requires MLOs to complete a total of 20 hours of NMLS-approved education. These 20 hours will include 3 hours of Federal Law, 3 hours of Ethics, 2 hours of Non-Traditional Mortgage Lending, and 12 hours of additional electives.

 

MEC is an NMLS approved course provider.

3 Pass the NMLS Licensing Exam

After your education is complete, you will need to schedule an appointment for the National Test Component exam. Study hard because you will need to pass with a 75% or better to apply for your license. Find out how to sign up for your exam here.

4 Apply for your Alaska MLO License

After you pass your NMLS mortgage exam, you need to apply for your NMLS license. You can find all of the information to complete this step here

 

To finalize your application, you will need to pay several nonrefundable fees and get a background check. You can find more information on completing your background check here.

REMEMBER

You will need to associate your NMLS Account with your employer. Your license will show a pending status in Alaska until you have employer sponsorship. This lets the government know that an employer is supervising your license. Learn how to associate your NMLS account with your employer here.

Frequently Asked Questions

Alaska Mortgage Licensing Requirements

Alaska requires 20 hours of NMLS approved education. Mortgage Educators & Compliance offers the full 20 hours for a low price of $239. We will even throw in our state-of-the-art Test Prep Pro package to help you pass that NMLS National Exam.

 

MEC offers your pre-licensing education in a variety of formats to provide you with the most flexibility. You can take an Online Instructor-Led (OIL) Course, a Live Webinar, or a Live Classroom. We find that most of our future loan officers opt for our most flexible OIL format. This course consists of pre-recorded video lectures and quizzes to ensure content retention.

 

Once you have finished your course, we will report all of your completed credits to the NMLS within seven business days. This service is included in the price of your education.

Mortgage Broker vs. Mortgage Loan Originator

Mortgage broker licenses are often confused with the more common loan officer license. While the terms mortgage broker, loan officer, and mortgage loan originator are similar, they aren’t quite the same. So what’s the difference?

 

Generally speaking, a mortgage broker is a company that employs mortgage loan officers. The loan officers originate loans for home-buyers when they are looking for a loan for their mortgage.

PE Expiration Policy

PE Expiration is a policy created by the NMLS Policy Committee. Simply speaking, it requires an individual to retake pre-licensure education if he or she fails to acquire a valid mortgage license within three years from the last date of licensure. Alaska is currently pending this enactment, so the policy is not actively enforced. You can check its status here.

Cost of Getting Your Mortgage License in Alaska

When you’re ready to apply for your license, be aware of the following fees:

 

$350 - Registration Fee

$250 - Application Fee

$30 - NMLS Processing Fee

$15 - Credit Report

$36.25 - Background Check

 

Continuing Education

Every MLO is required to complete NMLS-approved Continuing Education every year after being approved for an initial license. Alaska requires 8 hours of Continuing Education, including 3 hours of Federal Law, 2 hours of Ethics, 2 hours of Non-Traditional Mortgage Lending, and a 1 hour elective.

 

Don’t procrastinate your education! The NMLS “Smart” Deadline is December 11, 2020.

Need More Information?

The NMLS provides many resources for your benefit. You can visit Alaska’s MLO New Application Checklist or view the NMLS State-Specific Requirements

 

For more state-specific information you can contact the Alaska Division of Banking & Securities via email at [email protected] or by phone at (907) 465-6339.

Additional Questions?

MEC is here to answer any question you may have about your Alaska Mortgage License. Feel free to reach out to our licensing specialists at (801) 676-2520 or send us an email at [email protected]

 

 

 

 

MEC is excited to be providing you and your company with great discounts for all of your MLO education needs! Click the links below to enroll at a steeply discounted rate!
Pre-Licensing Education The NMLS requires all licensed MLO's to take a minimum of 20 hours of pre-licensing education in order to obtain a license, as well as any state-required electives.   Need more information about obtaining a license? Visit our New MLO Licensing Guide	Continuing Education The NMLS requires all licensed MLO's to take a minimum of 8 hours of continuing education each year, as well as any state-required electives.    We offer continuing education in a variety of formats.
*Coupon Code: MCKEEpe*	*Coupon Code: MCKEEce*
*Already have a license and need to add another state?: MCKEEpe*	*Coupon Code: MCKEEce*
*Want a live instructor, but from the comfort of your own home? Limited Classes*	*Want a live instructor, but from the comfort of your own home? Limited Classes*
*PE Live Classroom instructions are limited*	*CE Live Classroom instructions are limited*
*Choose from our Test Prep and Tutoring options.*	*We recommend calling the NMLS to see what may be required to reactivate your license.  NMLS phone # 855-665-7123*
To enroll over the phone or for live classes, please contact your account rep directly. Jason Carroll (801) 243-5409 [email protected]   Mortgage Educators and Compliance is excited to offer these incredible offers for NMLS approved education. Restrictions apply. Limited time offer.

Privacy Policy

 

We know that you care how your information is used, and we appreciate your trust that we will use it carefully and sensibly. This notice describes our privacy policy. By visiting us, you are accepting the privacy policy described below.

 

What Personal Information Do We Collect?

 

 

* Information You Provide. 

We receive and store information you enter.  For example, when you search for or buy a product or service, or when you supply information such as your address, phone number or credit card. You can choose not to provide certain information, but then you might not be able to take advantage of some of our features.  We use the information that you provide for such purposes as responding to your requests, customizing future shopping for you, improving our website, and communicating with you.  In addition, if you choose, we may share your information with other companies who provide goods or services that you are interested in.  Please see the “opt-in/opt-out” selection in Section 4 of this policy.

 

* Cookies.

Like many websites, we use "cookies".  Cookies are small programs that we transfer to your hard drive that allow us to recognize you and to provide you with a customized shopping experience.  If you do not want us to use cookies, you can easily disable them by going to the toolbar of your web browser, and clicking on the “help” button.  Follow the instructions that will prevent the browser from accepting cookies, or set the browser to inform you when you receive a new cookie.  In addition, you may visit this and other websites anonymously through the use of utilities provided by other private companies.

 

* Other Information

Every computer has an IP (Internet Protocol) address.  IP addresses of computers used to visit this site are noted.  In addition, we automatically collect other information such as email addresses, browser types, operating systems, and the URL addresses of sites clicked to and from this site.

 

* Information from Other Sources.  We might receive information about you from other sources and add it to our account information.  This may include updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.

 

 

How Do We Use Your Information?

 

* Customized Shopping.

We use your information to better serve you by providing a customized shopping experience.  As noted above, you may “opt-out” of this customization, or even visit and shop anonymously.

 

* Agents.

We employ other companies and individuals to perform functions on our behalf. Examples include delivering packages, sending postal mail and e-mail, and processing credit card payments. They have access to personal information needed to perform their functions, but may not use it for other purposes.

 

* Special Offers.  We may send you special offers from time to time, unless you choose to “opt-out” of receiving such offers.  In addition, we may also send you special offers from other companies.  Again, you may “opt-out”.  If we send you offers from other businesses, we do not share your personal information with them.  The offers come directly through us.  Please see the “opt-in/opt-out” selection at the end of this policy.

 

* Business Transfers.

As we continue to develop our business, we might sell or buy stores or assets. In such transactions, customer information generally is one of the transferred business assets. Also, in the unlikely event that we are acquired, customer information will be one of the transferred assets.

 

* Law Enforcement.

If we receive a lawful court order to release account or other personal information then we will comply with the law.  We will also release information when necessary to protect the life, safety or property of others. This includes exchanging information with other companies and organizations for fraud protection and credit risk reduction.

 

 

How Do We Protect the Security of Your Information?

 

* We work to protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input.

 

* We use encryption to protect your information contained in our customer list.

 

* We use a firewall to protect against unlawful intrusion.

 

* We limit access to your information on a “need to know” basis.

 

* We reveal only the last five digits of your credit card numbers when confirming an order. Of course, we transmit the entire credit card number to the appropriate credit card company during order processing.

 

* It is important for you to protect against unauthorized access to your password and to your computer. Be sure to sign off when finished using a shared computer.

 

* No system can guarantee absolute security, just as the finest lock can not guarantee physical security.  However, we take every reasonable precaution to assure that your data is secure.

 

 

Your Choice:  Opt-in or Opt-out.

 

It is your choice whether to receive emails or special offers from us or others.  The following section provides you with this choice.  Please note the default settings.

 

*Please send me email or other mail informing me of special offers of your products or services.

 

*Please do not send me email or other mail informing me of special offers of your products or services.

 

*Please send me email or other mail informing me of special offers of related products or services from other companies.

 

*Please do not send me email or other mail informing me of special offers of related products or services from other companies.

 

 

Children

 

We do not sell products or services to children. If you are under 18, you may use this site only with involvement of a parent or guardian.

 

 

Other Websites

 

Various Web sites may be linked to from this site.  If you link to another site, your privacy depends on the policy of that site.  We strongly urge you to check their privacy policy.  Not all sites guarantee that they will not share your personally identifiable information with others.  You may also wish to consult privacy guidelines such as those recommended by the Online Privacy Alliance (www.privacyalliance.org).

 

 

Contact Us

 

If you would like to learn more about our privacy policy, or to access your personally identifiable information contained on our website, you may contact us at 877-403-1428 (toll-free) or 801-583-7915.  You will be required to provide identifier information to assure that this information is not released to others.  We reserve the right to modify this policy in the future.  If we do so, notice will be posted on our home page.

 

8 Hour CE Webinar Dates

Click on your preferred date to sign up today!

 

 

7+1 Hour CA

Monday, Nov. 2nd - 9 AM PT

 

7+1 Hour CA

Tuesday, Nov. 10th - 9 AM PT

 

8+1 Hour WA

Tuesday, Nov. 10th - 9 AM PT

 

7+1 Hour FL

Friday, Nov. 13th - 9 AM ET

8 Hour General

Tuesday, Nov. 17th - 9 AM MT

 

7+1 Hour MO

Wednesday, Nov. 18th - 9 AM CT

 

7+1 Hour CA

Thursday, Nov. 19th - 9 AM PT

 

7+1 Hour CA

Saturday, Nov. 21st - 8:30 AM PT

7+1 Hour CA

Wednesday, Dec. 2nd - 9 AM PT

 

8+1 Hour WA

Thursday, Dec. 3rd - 9 AM PT

 

7+1 Hour CO

Friday, Dec. 4th - 9 AM MT

 

November

December

2020 State CE Elective Webinars

Public State Elective Webinars will be provided to groups (5 students or more) by request only.

 

If you would like to request a State Elective Webinar please email:

[email protected]

 

 

For additional information, or to schedule your webinar course, call one of our licensing specialists at:

(877) 403-1428