Mortgage MLO Licensing & Renewal

 

Use coupon code: DECPL

 

 

* Adding State Electives may incur additional fees *

Click below to see your State's Educational Requirements! 

 

 

 Required State-Specific Electives

 

 No Hours    1 Hour    2 Hours     3 Hours    4+ Hours 

 

(Mobile devices such as smartphones or tablets are not supported for NMLS-approved courses)

 

 

Want to try our course before buying? Sign up for our free pre-license course demo below!

 

 

 

Make sure to add our new ULTIMATE TEST PREP PACKAGE in the drop down menu above, which includes our more extensive study course with more than 1500 practice questions, over 6 hours of additional video instruction, and our new mobile app MEC Pass+! If you upgrade to the Ultimate Test Prep, it includes our First Time Pass Guarantee! If you do not pass the NMLS National Exam after satisfying the requirements below, $110 or the package purchase price, whichever is less, will be refunded back to you within 45 days of receipt of such request. MEC shall only provide one refund per purchase.
In order to be eligible for a refund you must have:
1. watched all Test Prep Ultimate study videos and have passed all the practice unit
quizzes as well as the final exam (with unlimited retakes) with an 80% or better
score (the “Test Prep”);
2. taken and failed the NMLS National Exam no more than 30 calendar days after
completing the Test Prep; and
3. send a refund request to MEC at [email protected], with a copy of the
test results attached, within 30 days of the failed test.

 

 

  

Want a more interactive experience? Click the button below for our Pre-Licensing Webinars 

 

 

   

 

Call to speak with a Licensing Specialist: (801) 676-2520 

 

How do I become an MLO with an active mortgage license?

 

1. Register with the NMLS. 2. Find an approved provider 3. Complete your state's education requirements. 4. Pass the National Exam. 5. Apply for licensure through the NMLS.

 

What is a Mortgage Loan Originator?

Under the SAFE Act, an MLO is a licensed individual or institution that works with a borrower to complete a mortgage transaction.

 

What is the SAFE Act?

The Secure and Fair Enforcement Act was enacted in 2008. The SAFE Act established standards for MLOs, including mandatory NMLS-approved education and testing. The SAFE Act applies to MLOs in all states, with the exemption of those working under a depository institution.

 

What is the NMLS?

 The Nationwide Multi-State Licensing System and Registry ("NMLS&R") was created as a licensing and registration database for prospective and current licensees. The NMLS database can also assist consumers who are looking to verify licenses of both licensed mortgage loan originators and companies. 

 

 

 
*David Luna, President of MEC*

 

 

What Education do I need for my state?

 

All states require a minimum of 20 Hours of NMLS-approved, pre-license education.

Many states require additional state-specific elective hours. Please reference the NMLS's state-specific education chart to verify your state's requirements.

 

The minimum pre-license education for new mortgage loan originators is outlined in the SAFE Act as follows:

• 3 hours of federal laws and regulations • 3 hours of ethics and fraud • 2 hours of lending standards related to non-traditional mortgage • 12 hours of undefined instruction on mortgage origination products

How is the Course Structured?

        

20 Hour Online Course Content Online :

 

Chapter 1...................................................Becoming an MLO Chapter 2..........Learning the Products and the Programs Chapter 3....................................................Initial Application Chapter 4...............................Processing and Underwriting Chapter 5..............................................Closing and Funding Chapter 6.......................................................Mortgage Ethics End of Course Assessment

 

 

Each chapter has several sections.

Each section includes a five-minute video and a one question quiz to test comprehension.

 

3 Track Options - 5-day Accelerated Track, 10-day Weekend-Friendly Track, or 14-day Extended Track
NMLS courses are not formatted to work properly on mobile devices. .

The courses need to be completed within the designated timeframe.

  

 

What do I need to know to pass the National Exam? 

 

There is plenty to know about to be prepared for the National Exam.

Visit our Test Prep page for more information.

  

MEC offers state-specific bundles to make your educational experience as seamless as possible.  

Select your state/area from the list below:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts

Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico  New York North Carolina North Dakota  Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee

Texas Utah Vermont Virginia Washington  West Virginia Wisconsin  Wyoming Territories/Districts: District Of Columbia Puerto Rico  U.S Virgin Islands General Courses: 2-hour General 4-hour General Special Courses: 40-hour UT DRE PLM Course

 

EMAIL [email protected] with any further questions.