The Texas Department of Savings and Mortgage Lending (TX-SML) changed its Pre-licensure Education (PE) requirements. Beginning October 1, 2013, individuals seeking licensure with the TX-SML are required to complete an additional 3 hours of TX specific education; therefore, TX-SML requires 23 hours of PE education. In other words, individuals who did not apply for licensure by September 30, 2013, with the TX-SML, are now required to complete 23 hours of PE prior to applying for licensure with that state department. For more information, please contact Allied at (800) 617-3513.
18-Hour SAFE Core Mortgage Loan Originator - Syllabus
Allied’s Mortgage Loan Originator SAFE Core course is a 18-hour online prelicensing course. It is designed to satisfy 18 hours of the pre-licensure education requirements of the SAFE Act, including 3 hours of federal laws and regulations, which includes the TILA-RESPA Rule; 3 hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; and 2 hours of training related to lending standards for the nontraditional mortgage product marketplace. The remaining 10 hours cover loan products and programs, underwriting, and settlement procedures. Note: Attendance is measured by the completion of academic events on specified days. See syllabus for details.
2-Hour SAFE Loan Servicing and Foreclosure - Syllabus
Allied’s 2-Hour SAFE Loan Servicing and Foreclosure Course is an elective education course. It will cover various aspects of loan servicing, such as impound accounts, payoff demand statements, and insurance requirements, as well as processes and procedures related to default and foreclosure. Note: Attendance is measured by the completion of academic events on specified days. See syllabus for details.
3-Hour TX-SML SAFE Mortgage Law - Syllabus
This course focuses on Texas-SML defined education, which includes the rules that must be followed when providing home equity loans, HELOCs, and reverse mortgages; procedures related to foreclosing on home equity loans; and the SMA operations, administration, and examination procedures for mortgage companies and mortgage bankers as well as their licensed RMLOs. Note: Attendance is measured by the completion of academic events on specified days. See syllabus for details.
SAFE Mortgage Loan Originator National Exam Online Prep with Uniform State Test (UST) Content
Do you want to pass the national component of the SAFE exam the first time? Prepare with Allied’s online comprehensive prep course and you will be on your way to success. Our NMLS approved prep course includes over 800 prep questions, customizable 100-question mock exams and live support. The topics you’ll learn include:
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 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.