Education

NMLS Approved Education

Required for 2013 Make-up CE for 2010-2012

How to Register for a Course

Review the Master Course Catalog by clicking one of the buttons above. Choose the course you want to take, click on the web link or write down the course’s contact information to call them and register for the course. Payment is made directly to the course provider. For more details see the Quick Guide: Enrolling in a Course.

Which Course Format is Right for You?

Classroom

(PE and CE)

Classroom Equivalent

(Webinar) (PE and CE)

Online Instructor-Led

(PE only)

Online Self Study

(CE only)

Description: Traditional in-person classroom setting and usually held at the provider’s site or hotel conference room.

Best for: learners who like to be in a more social environment and are seeking significant interaction with an instructor and other learners.

Keep in Mind: Depending on where you live or work, options may be limited. Use the zip code or the catalog calendar search function to find a course in your area.

Description: Similar to the classroom format where an instructor is leading a course, however, the instructor and students may be in different physical locations.

Best for: learners seeking greater flexibility in how they complete education.

Keep in Mind: These courses require you to have a computer with speakers. You will need to verify your identity and will be required to use a specific web application to interact. Be sure to ask the provider about how to access course materials and how to ask questions during the course.

Description: Online Course with an instructor leading it. Course is delivered using a Learning Management System (LMS) where the instructor and student interact with each other.

Best for: learners who are more self-directed, independent, and comfortable with being online.

Keep in Mind: these courses are not self-study. You are required to start and end the course on a specific day, know who your instructor is, and to complete assignments.

Description: For continuing education (CE) only, these courses are self-paced.

Best for: learners who want the ability to log in and out and complete the course over time.

Keep in Mind: these courses are timed to meet minimum SAFE Act time requirements for CE compliance. You will be required to spend the minimum amount of time in the course and will be logged out for inactivity. Some courses may require browser plug-ins.

A Note About Courses:
- NMLS approved PE courses are intended to prepare you to work in the industry in accordance with the SAFE Act; unless labeled as such, they are not intended to be test-prep courses.
- All PE courses are required to be instructor-led and have an end-of-course assesment.Online courses will not have an instructor present at all times.
- Every CE course has an end-of-course quiz or final case study and is configured to meet specific time requirements.

NMLS APPROVED COURSE PROVIDERS DO NOT HAVE ANY INSIDE OR SPECIAL KNOWLEDGE ABOUT ANY OF THE QUESTIONS ON THE MLO SAFE TEST OR THE UST. YOU SHOULD CONSIDER CAREFULLY BEFORE PURCHASING ANY COURSE OR MATERIAL ADVERTISED TO BE TEST PREP.

Continuing Education

Education Requirements

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete annual continuing education. In order to meet continuing education requirements state-licensed MLOs must complete 8 hours of NMLS approved education which include the following:

For annual continuing education, the SAFE Act requires state-licensed MLOs to complete:

   a. 3 hours of Federal law and regulations;
   b. 2 hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
   c. 2 hours of training related to lending standards for the nontraditional mortgage product market; and
   d. 1 hour of undefined instruction on mortgage origination.

While the SAFE Act requires NMLS to approve pre-licensure and continuing education courses, it is individual state law that compels mortgage loan originators to take the pre-licensure and continuing education as a requirement for state licensure. Many state agencies require that pre-licensure education be complete prior to submitting an application through NMLS. NMLS provides information concerning education requirements and administers the process for completing it, but state-licensed MLO's should refer to their state agencies regarding the specific details associated with meeting the education requirements.

How to Make-Up Continuing Education

If you were required to take continuing education (CE) and failed to do so, you must complete a Late CE course in order to satisfy the requirement for licensure. To find a late CE course click on the link below and pay close attention to all of the information contained in the catalog. Only the courses listed in the Late CE Catalog (and no others), may be used to make-up CE.

If you are returning to the industry, the application process for a new license requires you to satisfy any CE deficiency for the last year in which you were licensed. Only the courses listed in the Late CE Catalog (and no others), may be used to make-up past CE requirements.

To find a late CE course click the Late Catalog Link and pay close attention to all the information contained in the catalog.

> The State-Specific Education Chart shows which states have a requirement for state specific-education.

> The SAFE Act's Successive Year Rule requires MLOs to complete 8 hours of CE every year and mandates that an MLO may not take the same course two years in a row.

> Looking for an Approved Course Provider? Check out our Approved Provider List.

> Need to know more about CE requirements? See our list of Frequently Asked Questions

Pre-Licensure Education

Education Requirements

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete annual pre-licensure education. In order to meet pre-licensure education requirements state-licensed MLOs must complete 20 hours of NMLS approved education which include the following:

For annual pre-licensure education, the SAFE Act requires state-licensed MLOs to complete:

   a. 3 hours of Federal law and regulations;
   b. 3 hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
   c. 2 hours of training related to lending standards for the nontraditional mortgage product market; and
   d. 12 hour of undefined instruction on mortgage origination.

> The State-Specific Education Chart shows which states have a PE requirement for state specific-education.

> Looking for an Approved Course Provider? Check out our Approved Provider List.

> Need to know more about PE requirements? See our list of Frequently Asked Questions.