Safe NMLS License
SAFE / NMLS Licensing Requirements
The SAFE Act of 2008 established requirements for the licensing and registration of all Mortgage Loan Originators (MLOs). While MLOs who work for an insured depository or its owned or controlled subsidiary are not required to take the education or exams, all other MLOs need to be licensed by the state, complete the education requirements, and pass the state and national SAFE / NMLS exams.
What The SAFE Act Does
SAFE requires states to establish minimum rules and standards for the licensing and registration of mortgage loan originators. This allows easy access to a Loan Officer and Mortgage Broker's credentials and allows the public to know what kind of mortgage history these providers have.
Essentially, the SAFE Act requires that state-licensed Mortgage Loan Originators (MLOs) pass a written qualified test with a score of 75% or better, complete at least 20 hours of pre-licensing education courses, and take eight hours of annual continuing education courses.
Find SAFE / NMLS Licensing & SAFE / NMLS Training Courses
The Mortgage Training Center offers both online and in-person NMLS licensing and NMLS training courses. Simply choose your preferred optino from the recommended courses listed below, or you can choose "NMLS" and your resident state from the "Licensing" section of the search box below.
Find Seminars, Webinars, And Online Training In Your Area