SAFE Mortgage Loan Originator License

how to get a loan officer license

Are you considering a career as a mortgage loan originator (MLO), or are you already working in the industry? Under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE), individuals involved in the mortgage loan origination process are required to obtain licensure.

Get compliant 100% online with convenient SAFE education courses from Allied. You can even meet your national SAFE education requirements in as little as seven days!

Live Support Coaches

Our staff is dedicated to the success of all of our students in every Allied course. Throughout your SAFE education courses, you will receive personalized student support through e-mail, phone and fax during regular business hours. There are knowledgeable representatives to assist you every step of the way.

Paid Credit Banking Fee!

Don’t get forced into paying extra fees. Allied Schools pays the NMLS credit banking fee for every student that completes applicable SAFE courses. Other schools charge extra.

100% Online Course

With an online course, you can satisfy your SAFE education requirements from home, your office or anywhere you receive Internet connection. It's a smart, convenient way to keep your career on track while avoiding the extra time and expense associated with driving to a classroom.

Nationwide Mortgage Licensing System & Registry (NMLS) Approved Education

Allied Schools is an approved NMLS education provider. When you enroll, you'll receive effective, comprehensive course materials so you can pass the SAFE exam and focus on what's important – your career.

Courses Start Weekly

Allied understands that you need to meet your SAFE education requirements fast. With Allied, you never have to wait several weeks for a new classroom session to start. You can even complete your national SAFE education requirements with Allied’s seven-day course option.

NMLS Provider ID #1400321

SAFE Mortgage Loan Originator Online Courses

Partner with an NMLS approved education provider to meet your Mortgage Loan Originator requirements the convenient, more effective way – 100% online. Allied's course curriculum focuses on core SAFE principles. This means students learn exactly what they need to know so they can progress and meet their education needs.

In order to meet SAFE compliance regulations, you will need to:

Paid Credit Banking Fee!

Don’t get forced into paying extra fees. Allied Schools pays the NMLS credit banking fee for every student that completes applicable SAFE courses. Other schools charge extra.

Allied’s Online SAFE Courses, Prep & Packages Include:

Licensing Courses

  • 20-Hour CA-DBO SAFE Comprehensive Course (CA Only)

The 20-hour online pre-licensing course is designed to satisfy all of the pre-licensure education requirements of the SAFE Act. The course includes 3 hours of federal laws and regulations, which includes the TILA-RESPA Rule; 3 hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; and 2 hours of training related to lending standards for the nontraditional mortgage product marketplace. Additionally, the course includes 2 hours of CA-DBO specific agency regulations. The remaining 10 hours cover loan products and programs, underwriting, and settlement procedures. Note: Cohorts start weekly.

  • 20-Hour SAFE Mortgage Loan Originator Comprehensive Course (AL, AK, CO, DE, FL, GA, IL, IA, KS, LA, MN, MO, ND, SC, TX, VA, WY) The 20-hour online pre-licensing course. It is designed to satisfy all of the pre-licensure education requirements of the SAFE Act. The course includes 3 hours of federal laws and regulations, which includes the TILA-RESPA Rule; 3 hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; and 2 hours of training related to lending standards for the nontraditional mortgage product marketplace. The remaining 12 hours cover loan products and programs, underwriting, settlement procedures, loan servicing, and default and foreclosure.

    Note: Cohorts start bi-weekly.

  • 23-Hour TX-SMLSAFE Comprehensive Course (TX Only)

    The course includes 3 hours of federal laws and regulations, which includes the TILA-RESPA Rule; 3 hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; 2 hours of training related to lending standards for the nontraditional mortgage product; and 12 hours covering loan products and programs, underwriting, settlement procedures, loan servicing, and default and foreclosure. The remaining 3 hours covers Texas-SML defined education, which includes the rules that must be followed when providing home equity loans, HELOCs, and reverse mortgages; procedures related to foreclosing on home equity loans; and the SMA operations, administration, and examination procedures for mortgage companies and mortgage bankers as well as their licensed RMLOs. Note: Cohorts start bi-weekly.

  • Licensing Packages

    Allied offers a variety of SAFE licensing packages for the above-referenced states, ranging from a national-focused package to state-specific packages. To view what packages are available in your state, please visit Allied’s SAFE pre-license education.

    Exam Prep

    • SAFE Mortgage Loan Originator National Exam Online Prep with Uniform State Content (UST)

    This exam prep is designed to prepare existing and aspiring Mortgage Loan Originators for the National Component of the exam as required by the SAFE act (Secure and Fair Enforcement for Mortgage Licensing Act). The UST tests applicants on their knowledge of high level state-related content that is based on the SAFE Act and for states that have adopted it, the UST will replace the state-specific test. States that have not adopted the UST will still require applicants to take the national test and the state-specific test.

  • California SAFE Mortgage Loan Originator Unique Exam Online Prep This exam prep is designed to prepare existing and aspiring Mortgage Loan Originators for the California Unique State Component of the exam as required by the SAFE act (Secure and Fair Enforcement for Mortgage Licensing Act). The National Component is also required. The California Unique State Component consists of 50 questions and testers have 1 Ѕ hours and must score 75% or better.
  • Florida SAFE Mortgage Loan Originator Unique Exam Online Prep

    This exam prep is designed to prepare existing and aspiring Mortgage Loan Originators for the Florida Unique State Component of the exam as required by the SAFE act (Secure and Fair Enforcement for Mortgage Licensing Act). The National Component is also required. The Florida Unique State Component consists of 50 questions and testers have Ѕ hour for a test tutorial and 1 Ѕ hours to complete the exam and must score 75% or better.

    Continuing Education

    • 8-Hour SAFE Comprehensive Continuing Education

    (AL, AK, CA, DE, FL, IL, IN, IA, KS, LA, MN, ND, NH, OK, SC, TX, UT, VT, VA, WY)

    Allied’s Mortgage Loan Originator SAFE Comprehensive course is an 8-hour online continuing education (CE) course. It is designed to satisfy the CE education requirements for a comprehensive course. The course includes an overview of the Ability to Repay/Qualified Mortgage Rule and various consumer protection and privacy laws (3 hours of federal laws and regulations); a discussion of current mortgage fraud schemes (2 hours of ethics: fraud, consumer protection, and fair lending issues); and, 2 hours of training related to nontraditional products and guidelines (nontraditional mortgage products). The remaining hour covers quantitative easing and mortgages. Note: This course only fulfills national CE requirements. Each state may or may not have state specific requirements.

  • Are you ready to get started?

    You can enroll online with Allied’s convenient online enrollment options. Or, if you want to view all of Allied’s course offerings, you can view your state’s SAFE mortgage loan originator education options.

    Source: www.alliedschools.com

    Category: Credit

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