About This Course:
Our 20-hour SAFE pre-licensing course is organized to review topics specifically outlined in the National Mortgage Loan Originator exam.
This course meets the federal mortgage training requirements found in the SAFE Mortgage Licensing Act of 2008 and helps to prepare students for the National Mortgage Loan Originator exam. This package includes:
- 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
Class ScheduleClasses run each week from Monday through Wednesday, as follows:
- Day 1: 10am-7pm Eastern
- Day 2: 10am-7pm Eastern
- Day 3: 10am-5pm Eastern
How To Schedule - Then Access - Your Class And Materials Click
here to select your desired course starting date, including 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 InfoCourse Format: Online, Instructor Led
Credit Hours: 20 Hours
NMLS Approval #1053
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.
