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NMLS 20 Hour Online Instructor Led Mortgage License Training with Test Prep Bundle (FALCON REFERRAL PARTNER)

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NEW AND UPDATED FOR 2020!! Falcon referral partner special discount!
Online Instructor Led NMLS 20 Hour SAFE Comprehensive Pre-licensure Course Bundle with National Test Prep. (Add test reimbursement guarantee for additional test prep with video)
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Course Information

This NMLS 20 hour pre-license mortgage training course is required by the NMLS for obtaining a mortgage license in any state and includes the National Test Prep course to help you pass the National test and get your mortgage license FAST.

IMPORTANT NOTE: The training course will be loaded into your account on the selected start date and the selected time. You must complete your course within the specified track.

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This course meets the required 20 hours of NMLS-approved pre-license education needed to obtain a mortgage license. It contains 3 hours of Federal Law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, plus 12 hours of undefined electives. 

ADD TEST REIMBURSEMENT GUARANTEE - INCLUDES TEST PREP PRO HERE with over 6 hour of video instruction specifically on the exam. 



It is presented in an online instructor-led video course with supplementary literature and content. The course is made up of 7 chapters broken into 5 minute sections that require clicking to advance to the next video and includes a handful of small quizzes. After completing the introduction to the course, each section will start with an average duration of 5 minutes per section. Each 5 minute section will be followed by an activity. These activities can be either short quizzes or case studies focusing on certain concepts.

At the end of each chapter, there is a chapter quiz with a final exam at the end of the course. Students must complete all presentations and activity sections, all quizzes and tests, and the final exam in order to receive credit for the course. After completing the course, students will receive a certificate of completion.


20 Hour Course Tracks

This mortgage training course is offered in three separate tracks. These tracks allow both MEC and you, the student, to remain compliant with NMLS regulations by taking and completing the course within a specific start and end date. Please select a course start date before adding the course to your cart. Courses begin weekly on Mondays, Wednesdays and Fridays. You must complete the course within the allotted time period or your course will have to be reset and you will start from the beginning.

DavidMeet Your Instructor: David Luna

David Luna is the President of Mortgage Educators & Compliance and has more than 35 years of experience in the mortgage lending industry. With an unmatched sense of with, a natural flare for teaching, and a well of knowledge from decades in the industry, David is the best the mortgage education industry has to offer!

David has been a consultant for Fannie Mae and Freddie Mac as well as several large banks. David has made appearances on NBC, CBS, and ABC as well as been featured in Mortgage Technology Magazine, National Mortgage Press, and dozens of newspaper publications. David has also been named one of the 2016 50 Most Connected Mortgage Professionals by Mortgage News Network.

NMLS SAFE 20 Hour Pre-License Course Outline

Chapter 1: Becoming an MLO

This chapter covers the basics for becoming a mortgage loan originator and presents a brief history of the industry to help new students better understand the mortgage industry. Also introduced in this chapter is prohibited MLO conduct and possible disciplinary action.

Chapter 2: Learning the Products and the Programs

This chapter covers the major products and programs available in the mortgage market today, definitions of basic terminology associated with the mortgage products and programs, as well as products and programs that work for specific types of borrowers.

Chapter 3: Initial Application

This chapter covers the first crucial part of the origination process as specifically for MLOs. This section will help you get the answers that you need to help your borrowers discover their best loan options that they need for their given situation.

Chapter 4: Processing and Underwriting

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This chapter will help you to understand the analysis process of a borrower's application, walk you through identifying key laws that govern product and program analysis, appraisals, title reports and title insurance.

Chapter 5: Closing and Funding

This course chapter will help you to identify the role of the settlement agent/closing agent, relate the process for funding, understand the documents in the mortgage closing process, and apply the mortgage math processes to actual mortgage scenarios.

Chapter 6: Ethics in Mortgage Lending

This chapter will help you understand the idea of ethics, identify major fraud schemes, UDAAPS, describe ways to ensure fair lending and restate prohibited practices in origination.

Chapter 7: Review of Federal Law

This chapter covers various federal laws and regulations and their applications to the NMLS, mortgage brokers and companies, the mortgage industry as a whole, and individual mortgage loan originators.

Final Exam & Course Completion Form

This 25 question final exam will assess your understanding of the course. After passing the final exam, complete the course completion form in order to receive credit. An optional end-of-course survey may be filled out as well to provide feedback to Mortgage Educators & Compliance.

Course Credit Submission to the NMLS

The NMLS requires that education providers report education credit hours within 7 calendar days. Mortgage Educators & Compliance aims to report online education credits within 1-2 business days after completion. If you do not see your education credits reflected or would like expedited credit banking, contact MEC Support.

Course Credit Expiration

One great thing about this 20 hour course is that the course credit does not expire. The NMLS recognizes this course credit as valid indefinitely in 46 states. There are, however, a handful states that DO post expiration dates for NMLS 20 hour course credit from the point of completion. These states are:

INCLUDED: NMLS National SAFE Test Prep Course

To help prepare you to successfully pass the NMLS national exam with Uniform State Content, Mortgage Educators & Compliance has developed and created this online test prep course to help you score your best on the test! With first time test takers only passing about 60% of the time, it is imperative that you have the best study materials available to you, and our test prep is top of the class! 

    • Over 1000 sample test questions for the national SAFE test, allowing you to take multiple sample exams to increase likelihood of passing the exam.
    • 500 page downloadable textbook study guide
    • Sample exams that simulates the NMLS national test with UST. This test is broken down into the following modules to simulate the different sections of the test:
      • Federal Law
      • General Mortgage Knowledge
      • Loan Origination Activities
      • Ethics
      • Uniform State Component

In addition to passing the NMLS national exam, some states also require existing and new MLOs to pass a state-specific exam. You will need to take a state-specific exam in addition to the National test if you are getting licensed in one of the following states: Minnesota and West Virginia

You will have access to the NMLS National test prep course for 6 months. Another 6 month extension can be granted upon request. We recommend that you prepare for at least 20 hours in addition to the 20 hour pre-license course. The sample test pulls questions from a much larger question pool. Take the test multiple times to get new questions each time!

NMLS Course Provider #1400062

REFUND POLICY: If you have not yet started the course, you may receive a full refund within 24 hours of purchase, or a partial refund of 75% within 30 days of purchase. If the course has been accessed and started within our system, a refund cannot be granted.