PE / Pre-Licensing Education

Though we don't yet offer PE, we can link you to the NMLS, where a list of approved providers is curated.

We are working on making Pre-Licensing Education at the moment, and it should be ready towards the end of this year. In the meantime, for anyone wishing to add a new license in a state in which they are not currently licensed, please follow this link to the NMLS's curated list of approved providers. Everyone needs the same 20 Hours of National / Federal PE, and most people will need to take State PE on top of that. There are some states like Utah that have Post-PE classes as well.

Here is the link: https://nationwidelicensingsystem.org/profreq/education/Pages/default.aspx

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:

   a. Three hours of Federal law and regulations;
   b. Three hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
   c. Two hours of training related to lending standards for the nontraditional mortgage product market; and
   d. 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.