National Residential Mortgage Loan Originator
CATEGORY: Loan Originator Licensing

Loan Originator Licensing

Course Access: Lifetime
Course Overview


Economic Recovery Act (HERA)

Mortgage Licensing System and Registry

Creation of the NMLS

Objectives of the SAFE Act

Definitions of Mortgage Functions

Entities Regulated

Licensing Requirements

Entities regulated

Education and Testing

Licensing Renewals

Exclusions and Exemptions

Licensing Requirements

between Federal and State Laws covering mortgage originators

examinations and penalties

Learning Objectives:        

  1. Understand the objectives of the SAFE Act.
  2. Understand the licensing requirements for Mortgage
    Loan Originator, including:

    1. age 
    2. residency 
    3. criminal background 
    4. education 
    5. testing 
    6. financial records.
  3. Understand the licensing requirements for
    registered loan originators.
  4. Understand continuing education requirements
    and renewal processes.
  5. Understand the relationship between federal
    and state laws controlling mortgage originators.

Teaching Methods: 

Power Points, Video PowerPoint Presentation and

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