Mortgage Loan Originator Pre-licensing: Mortgage Loan Originator SAFE Comprehensive Course
satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage Licensing Act for a comprehensive 20-hour pre-licensing course for mortgage loan originators.
COURSE HOURS: Mon- Thur. 5:00pm-7pm EST/ 7pm-9:00p CST/ 2pm-4:00p PST
**This course DOES NOT contain any state-specific content***
Course Description
This Mortgage Loan Originator Pre-licensing Course covers topics required by the SAFE Act: Federal lending legislation (3 hrs), ethics (3 hrs), and nontraditional mortgage products (2 hrs). Also included are 12 hours of electives on key concepts, including financial disclosure, privacy protection, consumer I.D., and predatory lending protection laws; government loan programs; the SAFE Act; financial calculations; conventional loans and financing; loan processes, products, and finance instruments; and the Uniform State Test.
Check out our Training & Development page for upcoming webinars and available online courses
We also offer Online Pre-Licensing courses through a partnership with Learn Mortgage.
Expected Behavior/Classroom Policies
Attendance & Participation:
- Attendance is mandatory to receive course credit and it will be monitored. Participants that miss any portion of the course will be required to reschedule
A copy of your state issued ID must be provided BEFORE the course starts. This will be used to confirm your identity. Attendance will be taken AFTER every break.
Ask the Underwriter adheres to Section 3: Specific Requirements for Classroom Equivalents (Webinar) Courses. This included, but is not limited to: Identity verification, monitored seat time and required engagement.
Participation:
- Active participation is required in this course. Students are expected to be actively engaged with the material, listen to and follow the directions of the facilitator (instructor), participate in group discussions and activities, and complete exercises as assigned. Internet references and resources are provided throughout the course, which offer opportunities for additional learning and information.
Behavior:
- Students are expected to be respectful when interacting with the instructor and other students in the classroom and refrain from inappropriate language or derogatory comments.
- Students are expected to refrain from texting or other electronic communication during class.
- Cell phones should be on mute or turned off.
Course Completion Requirements
Before student completion status can be transmitted to the Nationwide Mortgage Licensing System & Registry (NMLS), students are required to:
- Spend the minimum required amount of time in the course.
- Attend and participate in all course sessions.
- Complete all the required activities.
- Pass the final assessment with a score of at least 70%.
Course Evaluation
At the conclusion of the course, students will be asked to complete a Course Evaluation. The feedback from this evaluation is reviewed and used to ensure our compliance with the course objectives as well as student satisfaction.
