How Are Loan Officers Paid?
Loan Officers earn a commission for each loan they close. An example is a $300,000 loan paid at 1.50% of the loan amount is $4500.00. Three loan closed in a month would generate a $13,5000 monthly income.
The SAFE Act
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) established requirements for the licensing and/or registration of all Mortgage Loan Originators (MLOs.)
This course satisfies the 20 hour SAFE pre-licensing education requirement in any state which does not require state-specific pre-licensing education. This course covers topics required by the SAFE Act: Federal lending legislation (3 hrs), ethics (3 hrs), and nontraditional mortgage products (2 hrs). Also included are 12 hours of elective topics to provide a broad understanding of key concepts.
Final certificate issued and NMLS hours banked upon completion of the course. The 20-hour SAFE course is mandatory in obtaining a Mortgage Loan Originator License.
Mortgage Professionals Academy is an NMLS approved Course Provider (1405031)
What Will It Cost To Become Licensed?
$469.77 20 Hour NMLS SAFE Approved Course**
$110.00 NMLS National and Uniform State Test
$36.25 Criminal Background Check
$15.00 Credit Report Check
$631.02 Total Cost
** We take you through all of the steps to obtain your license. The course is only $469.77. The NMLS National and Uniform State Test is scheduled and paid for on your own time. Once you pass the exam, you will then be able to obtain the Background and Credit Check.
Why Take Our LIVE Course?
What Are The Steps To Obtain A MLO License?
Who Will Benefit from this Course?
Those considering a career in the mortgage, banking or real estate industry.
Graduating High School Seniors who are exploring career opportunities.
Anyone looking for supplemental, full-time or part-time income for their family.
Bank employees who want to advance in their career.
Real Estate Agents (You can actively hold a Real Estate and Mortgage License)
Those who have been licensed as mortgage loan originators in the past and want to return to the industry.
Those looking for work-from-home opportunities.
Anyone who wants to understand the mortgage loan process better. This course will save you thousands of dollars when considering the purchase or refinance of a home.