In 2008, Congress passed the SAFE Mortgage Licensing Act. This Act created the Nationwide Mortgage Licensing System, or NMLS, and Registry for the residential mortgage industry. The Act sets forth procedures, requirements (including education and testing), and standards for mandatory registration and state licensing of Mortgage Loan Originators, or MLOs. It also requires the federal banking regulators to develop and maintain a system for registering depository institution employees as registered loan originators with the Registry.
By having all MLOs meet a national education and examination requirement, as well as required credit checks, it is the goal of NMLS and the Registry to weed out the non-professionals and focus on those who have always conducted business honestly. It will also assure that individuals entering the business will be held to the new, more stringent guidelines.
Larson Educational Services is an approved NMLS Education Provider (ID: 1400171) and 20 Hour SAFE Comprehensive Mortgage Loan Originator Course is the 20-hour course approved by NMLS (#1181) to obtain your Mortgage Loan Originator license.
In this course you’ll learn the basic principles and business fundamentals of financing, mortgage brokerage, and loan origination. You’ll leave the course with a comprehensive understanding of common mortgage terms, state and federal lending laws and standards of conduct and ethics.
The 20 Hour SAFE Comprehensive Mortgage Loan Originator Course is comprised of highly focused exam content based upon comprehensive research and testing and includes:
*Clearly-written notes covering 100 percent of the exam content
*More than 300 practice questions organized by exam content category
*Review exams and explanations
*Highlighted key words and phrases
UPCOMING COURSE DATES & TIMES
Dates:
OPTION #1 April 9-11 (Friday-Sunday)
OPTION #2 May 21-23 (Friday-Sunday)
Time:
8:30am-4:30pm (Sunday is 8:30am-12:00pm)
Tuition:
$299 and includes course materials
Location:
Larson Educational Services
Royal Palm Square
1400 Colonial Blvd, Suite 44
Fort Myers, FL 33907
To register online, go to http://www.larsoned.com/
To register by phone, call (239) 344-7510.
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