The Greater Rochester Association of REALTORS® has partnered with the Association of Mortgage Educators to offer the 20 hour courses for Mortgage Pre-licensing and Exam Prep both on site and online.
ON SITE LEARNING
The NMLS-approved (Nationwide Mortgage Licensing System) instructor-led Pre-licensing course provides all of the tools to help you successfully complete your MLO Pre-licensing education.
The Pre-licensing course has a specific start and end date and your instructors will help make sure you keep on track to complete your course on time.
What is covered in this course?
- Three hours of ethics, including instruction on fraud, consumer protection, and fair lending issues.
- Three hours of federal law and regulations.
- Two hours of training on lending standards for the nontraditional mortgage products.
- Three hours on applicable New York State law and regulations.
- 100 Question Multiple Choice classroom exam.
ONLINE LEARNING
GRAR has partnered with the Association of Mortgage Educators (NMLS Provider ID: 1400214) to offer online:
- SAFE MLO Pre-licensing
- SAFE MLO Text/Exam Preparation
- NMLS Approved Continuing Education
SAFE MLO Pre-licensing
The NMLS-approved instructor-led Pre-licensing course provides all of the tools to help you successfully complete your online MLO Pre-licensing education. The course is flexible and convenient, allowing you to move easily through the lessons, activities, and practice exams. You'll also have easy access to your instructor and other students through discussion forums and other activities.
The course allows you to print off download able versions of reading assignments for offline reading and reference. And, all of your NMLS Banking fees are included!
SAFE MLO Exam Prep
The Exam Prep online course is designed to prepare you with the knowledge you need to pass the National Loan Originator Test, which is mandated by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). It includes clear, succinct discussions on the topics from the national MLO Test outline—federal mortgage lending-related law, mortgage industry terms and concepts, the loan origination process, and ethics—and unlimited opportunities to self-assess your understanding through tests at the end of each module.
When you’re ready, you can take a comprehensive 100-question practice test that resembles the content breakdown and types of questions you will see on the national MLO Test. You can take as many practice tests as you want. Since the questions are randomized from large pool of questions, each test will be unique—you will never see the same exact questions in the same exact order. The MLO Review Crammer also includes a download-able glossary and summaries for your reference.
NMLS Approved SAFE MLO Continuing Education Online
These courses are approved by the NMLS to fulfill the SAFE Act continuing education requirements. The online courses are flexible, convenient and easy to take with no hidden fees. Unlike other providers, your $1.50 per credit hour banking fee is included in the cost of the course!
Mortgage loan originators have to take 8 hours of continuing education by December 31 of each year. On a yearly basis, the SAFE Act calls for state-licensed MLOs to complete 3 hours of Federal law and code; 2 hours of ethics including training on fraud, fair lending, and consumer protection issues; 2 hours of training dealing with lending standards for the nontraditional mortgage product market; and 1 hour of instruction in an undefined topic (maybe state specific depending on your state).
NMLS: Nationwide Mortgage Licensing System
MLO: Mortgage Loan Originator
