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SAFE Mortgage Loan Originator

SAFE Mortgage Loan Originator License

Prices & EnrollmentAre you considering a career as a mortgage loan originator (MLO), or are you already working in the industry? Under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE), individuals involved in the mortgage loan origination process are required to obtain licensure.

Get compliant 100% online with convenient SAFE education courses from Allied. You can even meet your national SAFE education requirements in 14 days!

Live Support Coaches

Our staff is dedicated to the success of all of our students in every Allied course. Throughout your SAFE education courses, you will receive personalized student support through e-mail, phone and fax during regular business hours. There are knowledgeable representatives to assist you every step of the way.

Paid Credit Banking Fee!

Don’t get forced into paying extra fees. Allied Business Schools, Inc. pays the NMLS credit banking fee for every student that completes applicable SAFE courses.* Other schools charge extra.

*Note: One credit banking fee is included in the price of tuition. If a student requires credit banking for multiple states, he or she is required to pay for the additional credit banks.

100% Online Course

With an online course, you can satisfy your SAFE education requirements from home, your office or anywhere you receive Internet connection. It’s a smart, convenient way to keep your career on track while avoiding the extra time and expense associated with driving to a classroom.

Nationwide Mortgage Licensing System & Registry (NMLS) Approved Education

Allied Real Estate Schools is an approved NMLS education provider. When you enroll, you’ll receive effective, comprehensive course materials so you can pass the SAFE exam and focus on what’s important – your career.

NMLS Provider ID #1400321

Prices & Enrollment

 

SAFE Mortgage Loan Originator Online Courses

Prices & EnrollmentPartner with an NMLS approved education provider to meet your Mortgage Loan Originator requirements the convenient, more effective way – 100% online. Allied’s course curriculum focuses on core SAFE principles. This means students learn exactly what they need to know so they can progress and meet their education needs.

In order to meet SAFE compliance regulations, you will need to:

  • Complete the application process
  • Complete the MLO pre-license education
  • Register, prepare for and complete the national and state specific* components of the SAFE examination

*If applicable to your state. Don’t know? Call (888) 501-7686 to find out.

Note: Mortgage loan originator training is available as both programs and individual courses as described below.

Paid Credit Banking Fee!

Don’t get forced into paying extra fees. Allied Schools pays the NMLS credit banking fee for every student that completes applicable SAFE courses. Other schools charge extra.

Allied’s Online SAFE Courses, Prep & Packages Include:

Licensing Courses

  • 20-Hour CA-DBO SAFE Comprehensive Course
    (CA Only)

    Course Details

    Online Text: Mortgage Loan Originator

    5 required sections - each section includes overview, objectives, 1 – 3 units of content, and assignments with section class discussion, multiple-choice section exam and section activity (sections 1 - 3)

    Online final exam - 50 multiple-choice questions; non-proctored; 1.5-hour time limit

    Course Overview

    Allied Real Estate Schools’ Mortgage Loan Originator SAFE Comprehensive course is a 20-hour online pre-licensing course. It is designed to satisfy all of the pre-licensure education requirements of the SAFE Act. The course includes three (3) hours of federal laws and regulations, which includes the TILA-RESPA Rule; three (3) hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; and two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace. Additionally, the course includes two (2) hours of CA-DBO specific agency regulations. The remaining ten (10) hours cover loan products and programs, underwriting, and settlement procedures. Note: Cohorts start weekly (every Wednesday).

    Course Objectives

    1. Differentiate among loan amortization types and specify features of real estate loans
    2. Identify and differentiate among various types of loan programs and financing options
    3. Recall aspects of the real estate loan underwriting and funding decisions
    4. Review the TILA-RESPA Rule and apply it to the completion of the Loan Estimate and Closing Disclosure forms
    5. Recall fair lending legislation and specify the consumer protections provided by each fair lending law
    6. Recall ethical considerations in mortgage lending
    7. Identify the characteristics of mortgage fraud scams and predatory lending
    8. Recognize elements of the settlement process
    9. Identify the two California state agencies that regulate mortgage licensees and differentiate the requirements for each type of license

  • 20-Hour SAFE Mortgage Loan Originator Comprehensive Course
    (AK, AR, DE, GA, IA, IL, KS, LA, ME, MN, MO, ND, SC, SD, UT, VA, WY)

    Course Details

    Online Text: Mortgage Loan Originator

    4 required sections - each section includes overview, objectives, 2 – 4 units of content, and assignments with section class discussion, multiple-choice section exam and section activity

    Online final exam - 50 multiple-choice questions; non-proctored; 1.5-hour time limit

    Course Overview

    Allied Real Estate Schools’ Mortgage Loan Originator SAFE Comprehensive course is a 20-hour online pre-licensing course. It is designed to satisfy all of the pre-licensure education requirements of the SAFE Act. The course includes three (3) hours of federal laws and regulations, which includes the TILA-RESPA Rule; three (3) hours of ethics, which includes instruction on fraud, consumer protection, and fair lending issues; and two (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. Note: Cohorts start bi-weekly.

    Course Objectives

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

  • 23-Hour TX-SMLSAFE Comprehensive Course
    (TX Only)

    Course Details

    Online Texts: 20-Hour Mortgage Loan Originator and 3-Hour TX-SML

    4 required sections - each section includes overview, objectives, 2 – 4 units of content, and assignments with section class discussion, multiple-choice section exam and section activity

    Online final exam - 60 multiple-choice questions; non-proctored; 2-hour time limit

    Course Overview

    The course includes 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; 2 hours of training related to lending standards for the nontraditional mortgage product; and 12 hours covering loan products and programs, underwriting, settlement procedures, loan servicing, and default and foreclosure. The remaining 3 hours covers 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: Cohorts start once a month.

    Course Objectives

    1. Recall ethical considerations in mortgage lending
    2. Identify the characteristics of mortgage fraud scams and predatory lending
    3. Differentiate among loan amortization types and specify features of real estate loans
    4. Identify and differentiate among various types of loan programs and financing options
    5. Recall aspects of the real estate loan underwriting and funding decisions
    6. Review the TILA-RESPA Rule and apply it to the completion of the Loan Estimate and Closing Disclosure forms
    7. Recognize elements of the settlement process, including loan-servicing issues
    8. Identify facets of loan default and related procedures, as well as aspects of the foreclosure process
    9. Recall fair lending legislation and specify the consumer protections provided by each fair lending law
    10. Identify the rules that must be followed when providing home equity loans, HELOCs, and reverse mortgages to (or foreclosing on) homeowners of Texas homestead property
    11. Recall licensing requirements and RMLO duties and responsibilities and identify methods used by the SML to ensure that mortgage companies, mortgage brokers, and RMLOs comply with the Texas Finance Code and Rules enforcing it

Prices & Enrollment

Licensing Packages

Allied offers a variety of SAFE licensing packages for the above-referenced states, ranging from a national-focused package to state-specific packages. To view what packages are available in your state, please visit Allied’s SAFE pre-license education.

  • California SAFE MLO Fast Track Package
    When you enroll in this package, you receive the coursework and prep materials needed to fulfill the education-related pre-requisites for your mortgage license. Benefit from an NMLS approved course and hands-on exam prep, which help meet your 20 hours of required education and prepare you for the national test.

    Your package includes:

    20-Hour CA-DBO SAFE Comprehensive Course - Your education will include four comprehensive sections that focus on federal laws and regulations, including the TILA-RESPA Rule, fraud, consumer protection and fair lending issues, non-traditional mortgage products, CA-DBO regulations, as well as loan products and programs.

    SAFE Mortgage Loan Originator National Exam Prep with UST - Benefit from 400+ questions that that test your knowledge of federal mortgage-related laws, general mortgage knowledge, mortgage loan origination activities and ethics, in addition to questions related to UST.

  • Texas SAFE MLO Fast Track Package
    When you enroll in this package, you receive the course and exam prep that meet the pre-license requirements for your Texas mortgage license. You will fulfill the 23 hours of required education and get the online prep to help you prepare you for the national exam – all 100% online, on your schedule.

    Your package includes:

    23-Hour SAFE Mortgage Loan Originator Comprehensive Course - Your education will include 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; 2 hours of training related to lending standards for the nontraditional mortgage product; and 12 hours covering loan products and programs, underwriting, settlement procedures, loan servicing, and default and foreclosure. The remaining 3 hours covers 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.

    SAFE Mortgage Loan Originator National Exam Prep with UST – Be prepared to pass the national exam! You’ll get access to hundreds of questions that that test what you know and help pinpoint areas needing extra study. You’ll get a thorough review of topics, such as federal mortgage-related laws, general mortgage knowledge, mortgage loan origination activities and ethics, in addition to questions related to UST.

Exam Prep

  • SAFE Mortgage Loan Originator National Exam Online Prep with Uniform State Content (UST)
    This exam prep is designed to prepare existing and aspiring Mortgage Loan Originators for the National Component of the exam as required by the SAFE act (Secure and Fair Enforcement for Mortgage Licensing Act). The UST tests applicants on their knowledge of high level state-related content that is based on the SAFE Act and for states that have adopted it, the UST will replace the state-specific test. States that have not adopted the UST will still require applicants to take the national test and the state-specific test.

Continuing Education

  • 8-Hour CA-DBO SAFE Comprehensive Continuing Education
    (CA Only)

    Course Details

    Online Text: 8-Hour SAFE Comprehensive 2016

    8 required modules - each module includes overview, objectives and assignments with multiple-choice unit quizzes and module exam

    Online final exam - 25 multiple-choice questions; non-proctored; 45-minute time limit

    Course Overview

    This is designed to satisfy the CE education requirements for a comprehensive course. The course includes an overview of Regulation Z as it pertains to federally regulated and closed-end mortgages (3 hours of federal laws and regulations); a discussion of current mortgage fraud schemes (2 hours of ethics: fraud, consumer protection, and fair lending issues); and, 2 hours of training related to Fannie Mae’s HomeReady Mortgages (nontraditional mortgage products). The remaining hour is an overview of the California Finance Lenders Law

    Course Objectives

    1. Identify and review the federal laws and regulations that pertain to mortgage loan origination
    2. Differentiate between ethical and fraudulent lending practices and recognize types of mortgage fraud
    3. Recognize nontraditional mortgage products and their lending standards
    4. Identify and review the California Residential Mortgage Lending Act

  • 8-Hour SAFE Comprehensive Continuing Education
    (AK, AR, DE, FL, IA, IL, KS, LA, ME, MI, MN, MS, MT, ND, NH, SC, SD, TN, TX, UT, VT, VA, WY)

    Course Details

    Online Text: 8-Hour SAFE Comprehensive 2016

    8 required modules - each module includes overview, objectives and assignments with multiple-choice unit quizzes and module exam

    Online final exam - 25 multiple-choice questions; non-proctored; 45-minute time limit

    Course Overview

    Allied’s Mortgage Loan Originator SAFE Comprehensive course is an 8-hour online continuing education (CE) course. It is designed to satisfy the CE education requirements for a comprehensive course. The course includes an overview of the Ability to Repay/Qualified Mortgage Rule and various consumer protection and privacy laws (3 hours of federal laws and regulations); a discussion of current mortgage fraud schemes (2 hours of ethics: fraud, consumer protection, and fair lending issues); and, 2 hours of training related to nontraditional products and guidelines (nontraditional mortgage products). The remaining hour covers quantitative easing and mortgages. Note: This course only fulfills national CE requirements. Each state may or may not have state specific requirements.

    Course Objectives

    1. Identify and review the federal laws and regulations that pertain to mortgage loan origination
    2. Differentiate between ethical and fraudulent lending practices and recognize types of mortgage fraud
    3. Recognize nontraditional mortgage products and their lending standards
    4. Recall the eligibility and underwriting requirements for selected FHA mortgage programs

  • Are you ready to get started?

    You can enroll online with Allied’s convenient online enrollment options. Or, if you want to view all of Allied’s course offerings, you can view your state’s SAFE mortgage loan originator education options.

    Prices & Enrollment

     

NMLS Provider ID #1400321

Mortgage Loan Originator Career

Prices & EnrollmentA mortgage loan originator (MLO) is a liaison between a lending institution and a consumer who wants to obtain a personal or business loan from that institution. The MLO will help facilitate a loan arrangement that is in the best interest of the consumer and the lending institution.

As an MLO, you will need to:

  • Have comprehensive knowledge of available loans
  • Understand the terms of available loans, including requirements and conditions for consumer qualification
  • Stay on top of changing interest rates
  • Evaluate a loan applicants’ financial situation and ability to qualify for a loan
  • Have excellent communication, organization and customer service skills

Mortgage loan originators may find employment in a variety of settings. Opportunities may be found in:

  • Banks
  • Credit Unions
  • Commercial Lending Institutions
  • Private Lending Institutions
  • And More

Earning Potential and Future Outlook

According to the Bureau of Labor Statistics (BLS), annual earnings for loan officers in 2012 was $59,820. Additionally, employment of loan officers is projected to grow 8% through 2022. Individuals with college degrees or experience may experience greater opportunity.

Why Allied’s Online Course?

  • NMLS approved, 100% online education
  • Complete pre-licensure education requirements
  • Benefit from regular start dates – a course session starts every Monday
  • Learn online, according to your busy schedule

NMLS Provider ID #1400321

Are you ready to get started?

Start or keep your mortgage loan originator career on track and get SAFE compliant 100% online. View Courses

Prices & Enrollment


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