S.A.F.E. Mortgage Loan Originator Florida Unique Exam Online Prep
Be Prepared to Pass the Florida Component of the MLO Exam on Your First Try!
Why Do You Need Exam Prep?
- Increase your chances of success – You need a score of 75% or better on your MLO exam
- Keep your career moving forward – An endorsement is required to conduct MLO business activities
- Eliminate wait times – if you fail, you have to wait 30 days to re-test after your first three attempts and six months after the fourth!
- Save money – Each attempt requires an out-of-pocket cost!
What Will You Learn?
- Florida Office of Financial Regulation
- Florida Law and Regulation Definitions
- Florida License Law and Regulation
- Disciplinary Action
- Unique Florida Test Areas
What Will You Receive?
- 100% Online Materials
- Almost 250 Comprehensive Questions
- Mock Exams w/Practice Questions
- Live Student Support
About the MLO Exam
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 ½ hour for a test tutorial and 1 ½ hours to complete the exam and must score 75% or better.
Ready to get started? Enroll online and access your SAFE Mortgage Loan Originator Florida Unique Online Exam Prep materials today.
It is individual state law that determines when a state-licensed MLO is required to pass the S.A.F.E. Mortgage Test, complete pre-licensure or continuing education training, and when state-licensed MLOs are required to complete their background checks.
State-licensed MLOs should refer to the State Licensing Requirements Page regarding schedules for completing each of the professional requirements.
About S.A.F.E. Mortgage Loan Originator
In July of 2008, a new law called the Housing and Economic Recovery Act of 2008 went into effect. The act sets forth new laws and regulations that will forever change the way industries like real estate and mortgage conduct business.
A section of Title V called the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E.) may be of particular importance to the future of your career. Under this law, new and existing mortgage loan originators (MLOs) will need to obtain or maintain state licensure. Additionally, California real estate agents and brokers who perform residential MLO activities will need to obtain MLO license endorsements.
Satisfy S.A.F.E. compliance regulations. Here’s what MLOs and California real estate professionals performing MLO activities need to do:
- Successfully complete National and State specific S.A.F.E. examinations
- Complete pre-licensure education courses*
- Submit fingerprints to the NMLS
- Submit authorization for the NMLS to obtain a credit report
*Exception: If you work for an insured depository regulated by OCC, OTS, FDIC, FED and NCUA or the Farm Credit Administration you are not required to take the S.A.F.E.-required pre or continuing education courses.
Failure to stay S.A.F.E. compliant could result in job and income loss, as well as the consequences you will face for breaking a law, which may include fines up to $10,000. Don’t wait - keep your career on track.
Take the first step – pass the S.A.F.E. Mortgage Loan Originator National exam on your first attempt with Allied’s S.A.F.E. Mortgage Loan Originator National Exam Prep – it’s 100% online.