20-Hour SAFE Mortgage Licensing - Online Course Online Course: ID# 1006064
Price: $329.00
Qty:
About This Course:
This course provides you with a comprehensive introduction to mortgage lending principles and practices that will help prepare you for the SAFE licensing exam to become a capable and qualified mortgage professional.
Our most popular mortgage pre-licensing course, it is organized to review topics specifically outlined in the National Mortgage Loan Originator (SAFE) exam. It includes both Instructor-led and self-study content, as follows:
Professional Instructor eBook "20 Hour SAFE Comprehensive: Applying Mortgage Knowledge to Exam Preparation" Certificate of Completion What You'll Learn Federal Mortgage-Related Laws, including RESPA, ECOA, TILA, The SAFE Act Mortgage Loan Origination Activities covering application and requirements, qualification (processing and underwriting), appraisals, title reports, specific program guidelines, closing, financial calculations Uniform State Content, including the federal SAFE Act and minimum licensing standards, required and prohibited conduct, and model state language for state-specific licensing regulations General Mortgage Knowledge including, mortgage programs, mortgage loan products, terms used in the mortgage market Ethics as it pertains to federal mortgage laws, appraisal practices, fraud, and ethical behavior How The Course Works Courses are available in 14-day segments, which gives you two weeks to complete the 20 hours of training Each 14-day segment starts on a Wednesday, which means you have access to your course from that Wednesday and for two additional weeks During this time period, you can access as little or as much of the content as needed each day You can communicate with the Course Instructor via email with any questions How To Access Your Class Materials Click the "Order" button herein to order your SAFE course and any preferred add-ons (some states have an Ethics class requirement). Once registered, you will receive an email directly from OnCourse Learning with access instructions. You will have access to your study materials through your OnCourse Learning dashboard for one year from your purchase date. Once testing is completed you will receive a Certificate of Completion.
Submittal To NMLS - We Take Care Of It For You! To save you time, money, and aggravation, OnCourse Learning will notify NMLS directly of your completed course. Please allow up to seven business days for the process to take place.
Additional Info Course Format: Online, Instructor Led
Credit Hours: 20 Hours
NMLS Approval #1054
Top FAQs The SAFE Mortgage Licensing Act established federal registration requirements for individual who act as a residential mortgage loan originator (MLO) and is employed by an institution that is regulated by agency-regulated institutions such as the FDIC or Federal Reserve System. Essentially, it is the licensing course for MLOs.
The SAFE Act was designed to protect consumers from predatory mortgage lenders by enhancing consumer protection and reduce fraud through the setting of minimum standards
The SAFE Act cover refinancing, reverse mortgages, home equity lines of credit, and other first and additional lien loans.
The SAFE course consists of 20 hours of mortgage-related terms, definitions, laws, regulations, and other lending information.
The national component of the SAFE Mortgage Loan Originator Exam consists of 125 test questions: 115 scored and 10 not scored, with a test time of 190 minutes.
