SAFE Mortgage Loan Originator
ONLINE
Pre-licensing, Exam Prep and Continuing Education!
Giumenta School of Real
Estate has partnered with the Association of Mortgage Educators
(NMLS Provider
ID:1400214) to offer online SAFE MLO
Pre-licensing, NMLS Approved Continuing Education, and SAFE MLO Exam Preparation.
SAFE MLO Pre-licensing
The NMLS-approved
instructor-led Pre-licensing course provides all of the
tools to help you successfully complete your online MLO
Pre-licensing education. The course is flexible and convenient,
allowing you to move easily through the lessons, activities, and
practice exams. You'll also have easy access to your instructor
and other students through discussion forums and other
activities.
The Pre-licensing course has a specific start and end dates-and
your instructor will help make sure you keep on track to
complete your course. Keep in mind that there are no "scheduled"
activities so you can participate when it's convenient for you.
The course allows you to print off downloadable versions of
reading assignments for offline reading and reference. And, all
of your NMLS Banking fees are included!
SAFE MLO Exam Prep
The Exam Prep online
course is designed to prepare you with the knowledge you need to
pass the National Loan Originator Test, which is mandated by the
Secure and Fair Enforcement for Mortgage Licensing Act of 2008
(SAFE Act). It includes clear, succinct discussions on the
topics from the national MLO Test outline—federal mortgage
lending-related law, mortgage industry terms and concepts, the
loan origination process, and ethics—and unlimited opportunities
to self-assess your understanding through tests at the end of
each module.
When you’re ready, you can
take a comprehensive 100-question practice test that resembles
the content breakdown and types of questions you will see on the
national MLO Test. You can take as many practice tests as you
want. Since the questions are randomized from large pool of
questions, each test will be unique—you will never see the same
exact questions in the same exact order. The MLO Review Crammer
also includes a downloadable glossary and summaries for your
reference.
NMLS Approved SAFE MLO
Continuing Education Online
These courses
are approved by the NMLS to fulfill the SAFE Act continuing
education requirements. The online courses are flexible,
convenient and easy to take with no hidden fees. Unlike
other providers, your $1.50 per credit hour banking fee is
included in the cost of the course!
Mortgage loan originators have to take 8 hours of continuing
education by December 31 of each year. On a yearly basis, the
SAFE Act calls for state-licensed MLOs to complete 3 hours of
Federal law and code; 2 hours of ethics including
training on fraud, fair lending, and consumer protection issues;
2 hours of training dealing with lending standards for the
nontraditional mortgage product market; and 1 hour of
instruction in an undefined topic (maybe state specific
depending on your state).
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