20-Hour SAFE Mortgage Loan Originator Comprehensive Course

MLO Nat 20Hr

20-Hour SAFE Mortgage Loan Originator Comprehensive Course

Price: $288.00

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If you need to meet your 20-hour pre-license MLO requirement, this is the national course for you.

This course satisfies the pre-license education requirements to become a mortgage loan originator.

This 20-hour course includes:

  • 3 hours of federal laws and regulations – includes the TILA-RESPA Rule
  • 3 hours of ethics - includes instruction on fraud, consumer protection, and fair lending issues
  • 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.

Why Allied’s Online MLO Course?

  • Receive an NMLS approved, 100% online, instructor-led education
  • Satisfy SAFE pre-licensure education requirements
  • Benefit from an education with regular attendance and participation
  • Finish your course in 14 days

What You Will Receive:

  • 100% Online Materials
  • 4 Required Sections – Includes activities and exams for each section
  • Online Final Exam – 50 multiple-choice questions
  • Personalized Student Support
  • Course Syllabus

What You Will Learn:

  • Recall ethical considerations in mortgage lending.
  • Identify the characteristics of mortgage fraud scams and predatory lending.
  • Differentiate among loan amortization types and specify features of real estate loans.
  • Identify and differentiate among various types of loan programs and financing options.
  • Recall aspects of the real estate loan underwriting and funding decisions.
  • Review the TILA-RESPA Rule and apply it to the completion of the Loan Estimate and Closing Disclosure forms.
  • Recognize elements of the settlement process, including loan-servicing issues.
  • Identify facets of loan default and related procedures, as well as aspects of the foreclosure process.
  • Recall fair lending legislation and specify the consumer protections provided by each fair lending law.

Course Schedule

A course session will start bi-weekly and be limited to 15 students per session. Content and assignments will be released as follows:
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
Day 1
Course Starts Section 1 Available
Section 1 Exam and Activity Available and Due
Section 2 Available
Section 2 Exam and Activity Available and Due
Section 3 Available
Section 3 Exam and Activity Available and Due
Section 4 Available
Section 4 Exam and Activity Available and Due
Final Exam Available Course Ends 11:59 P.M. PST

Course Attendance/Participation

Attendance in this course is constituted by assignment submission and participation. There are penalties for non-attendance, including point deductions for late submissions and administrative withdrawal for extended periods of inactivity.

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.

Course Timeframe

Minimum 14 days – Maximum 14 days, no extensions 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

How You Will Benefit:

  • Be One Step Closer to SAFE Compliance. All MLOs have to complete at least 20 hours of SAFE mortgage education.
  • Keep Your Career Moving Forward. Continue to focus on leads and conducting business without disruption to your career.
  • Meet All of Your Education Requirements at One School. Allied also has exam prep to help you prepare for the National Test Component with Uniform State Content, as well as some State Components.

Please Note:
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

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