This course satisfies the pre-licensure education requirements to become a mortgage loan originator in California.
This 20-hour course includes:
If the student does not begin the course within the first 48 hours, he or she will be administratively withdrawn.
During the online course, Allied requires the student to regularly communicate with the course instructor and classmates through online means within the learning platform. Instructors will respond and grade assignments within 24 hours of the due date.
The NMLS requires that students spend a minimum of 20 classroom hours* in this course. As such, students will not be permitted to access the Final Exam until they have logged 16.33 real hours (980 minutes) in the course and have successfully passed all required assignments. If the student completes the coursework before the 980-minute mark, he or she may log the appropriate time by reviewing the 11 units of content. Students will be logged out of the course after 6 minutes of inactivity.
*A classroom hour is defined as 50 seat minutes for each clock hour the course is approved
It is individual state law that determines when a state-licensed MLO is required to pass the SAFE 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 NMLS State Licensing Requirements page regarding schedules for completing each of the professional requirements.
Allied will pay the $30 credit banking fee to the NMLS upon course completion!
Enroll now or talk with an Allied Representative today.
NMLS Provider ID# 1400321