Yes, We Have PE!
You can find a link to our Pre-licensing Education (PE) for Mortgage Loan Officers HERE
Here is what the NMLS has to say about PE:
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete pre-licensure education. In order to meet pre-licensure education requirements state-licensed MLOs must complete 20 hours of NMLS approved education which include the following:
For annual pre-licensure education, the SAFE Act requires state-licensed MLOs to complete:
- Three hours of Federal law and regulations
- Three hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues
- Two hours of training related to lending standards for the nontraditional mortgage product market; and
- Twelve hours of undefined instruction on mortgage origination
While the SAFE Act requires NMLS to approve pre-licensure and continuing education courses, it is individual state law that compels mortgage loan originators to take the pre-licensure and continuing education as a requirement for state licensure. Many state agencies require that pre-licensure education be complete prior to submitting an application through NMLS. NMLS provides information concerning education requirements and administers the process for completing it, but state-licensed MLO's should refer to their state agencies regarding the specific details associated with meeting the education requirements.
Have questions about our PE courses? We're here to help! You can find our contact information HERE.
If you need information on specific PE requirements, it's best to contact the NMLS directly for accurate information You can find their contact information HERE.