SAFE Mortgage Loan Originators in Michigan

MI

Online Michigan MLO Training

Select Your Package

Ready to take the first step toward SAFE compliance? Partner with an NMLS course provider – learn online, satisfy your state’s requirements! Complete your pre-licensure education and prepare for the SAFE mortgage exam with an online education that’s available when you are.

Choose your training option below. Once you enroll, your materials will be immediately accessible 100% online – benefit from an education that’s tailored to your busy schedule. Meet your requirements now and keep your career moving forward.

MICHIGAN SAFE MORTGAGE INFORMATION:

MLO License General Requirements:

  • Submit authorization for the NMLS to obtain a credit report
  • Submit fingerprints to the NMLS
  • Submit a MLO licensee endorsement application

MLO License Education Requirements:

  • Complete 20 hours of pre-license education that has been approved by the NMLSR
  • Comprehensive Course that meets your minimum SAFE mortgage education requirements
  • Typically need a bachelor’s degree or equivalent work experience

MLO Exam Requirements:

  • Sign up for MLO License test through NMLS website resource center
  • Receive a passing score on the National and State Components of the SAFE MLO Test

What does S.A.F.E. mean?

In 2008 the government put into action The Secure and Fair Enforcement for Mortgage Licensing Act. It implemented a nationwide licensing and registration system for mortgage loan originators.

Job details for Michigan MLOs:

Mortgage loan originators use a process called underwriting to determine property value and assesses whether loan applicants qualify for a mortgage loan.

Should I take a preparation course before taking the MLO state exam?

It’s not required to use study materials before taking the MLO state exam. But do to the difficulty of the test, many test takers prefer to utilize practice tests and study guides to help them do better on the state MLO exam.

Job experience required:

Although there is no required job experience, many hiring companies prefer MLO applicants to have a background in banking, lending or sales.

What to expect on the Michigan MLO examination?

The Michigan state MLO exam is comprised of two parts – a national component and a state component. Test takers are required to pass both sections in order to receive a MLO license.

What are the CE requirements for a Michigan MLO?

MLOs need to take 8 hours of continuing education each year after taking their 20-hour pre-license education and receiving their MLO license.

Why should I take my MLO pre-license real estate course with Allied?

Allied Real Estate Schools has been providing a professional and reliable real estate education for more than twenty years. If you want to prepare for your state MLO exam with up-to-date course information and practice materials then Allied is the place for you.

*For the most accurate and up-to-date MLO license information please check the NMLS website.

Enroll now or talk with an Allied Representative today.
1-800-617-3513

Choose Your Michigan MLO Package Below:

SAFE MLO National Exam Online Prep with UST

The SAFE MLO National Exam Online Prep w/UST is designed to prepare existing and aspiring mortgage loan originators for the national component of the state exam as required by the SAFE Act (i.e. Secure and Fair Enforcement for Mortgage Licensing Act), with a UST category that covers: Mortgage Regulatory Commission, state law and regulation definitions, license law and regulations and compliance.

Price: $88.00Enroll Now

8-Hour SAFE Comprehensive Continuing Education (5501)

Keep your career on track with the 8-Hour SAFE Comprehensive Continuing Education, which is designed to satisfy the CE education requirements for a comprehensive course and includes an overview of the new Integrated Disclosure forms, along with an in-depth analysis of the Loan Estimate and Closing Disclosure forms, a discussion of current mortgage fraud schemes, training related to VA nontraditional products and guidelines as well as an overview of the Home Affordable Foreclosure Alternatives Program (HAFA).

Price: $69.00Unavailable

Allied will pay the $12 credit banking fee to the NMLS upon course completion!

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