This course satisfies the pre-licensure education requirements to become a mortgage loan originator in California.
This 20-hour course includes:
Note: In order to ensure that students are completing all of their course studies (accumulating time) in iBoard, the eBook has been divided by section and will be provided to the student prior to each section exam.
Attendance is measured by the completion of academic events on specified days. Students are required to complete an academic event each Monday, Wednesday, and Friday of the class. If a student does not complete and academic event on each of these days, he or she will be administratively withdrawn from the course. An academic event is defined as a graded item that is a component of the overall course grade. Examples include a written assignment, a discussion board posting, or an exam. Students must be active/complete one assignment on the first day.
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