IN ASSOCIATION WITH REAL ESTATE TRAINERS
DRE Statutory Sponsor No. S0204
AGENTCOR REALTY
661.386.1770
agentcorrealty.com
info@agentcorrealty.com
5016 California Avenue Bakersfield, CA 93309
CALDRE#02071742
DRE Statutory Sponsor No. S0204
AGENTCOR REALTY
661.386.1770
agentcorrealty.com
info@agentcorrealty.com
5016 California Avenue Bakersfield, CA 93309
CALDRE#02071742
In order to become a licensed Mortgage Loan Originator you must complete 20 hours of NMLS-approved basic education and pass the SAFE MLO Test (state-specific requirements vary). See the "License Requirements" at the bottom of this page for more detailed information. NMLS Course Provider #1400593
You will receive all information and instructions about your course by email (this may take a few business days). All course materials are included and will be shipped to you. We recommend enrolling at least one week in advance to allow time for shipping.
You will receive all information and instructions about your course by email (this may take a few business days). All course materials are included and will be shipped to you. We recommend enrolling at least one week in advance to allow time for shipping.
20 HOUR CA-DBO SAFE COMPREHENSIVE MLO COURSE
This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage (SAFE) Licensing Act for a comprehensive 20-hour California prelicensing course for mortgage loan originators including the 2-hour California requirement. This course covers topics required by the SAFE Act: 3 hours of Federal lending legislation, 3 hours of Ethics, 2 hours of Nontraditional Mortgage Products, 12 hours of electives on key concepts, and 2 hours of California-specific material. All course material and textbooks are included with enrollment. NMLS Course Approval #12041
HOW THE COURSE WORKS:
This is a classroom equivalent course held live online via Zoom Meeting.
In order to receive credit for this course you are required to:
This is a classroom equivalent course held live online via Zoom Meeting.
- Saturday, 8:30am-5:00pm
- Sunday, 8:30am-5:00pm
- Monday, 5:00-9:00pm
In order to receive credit for this course you are required to:
- Have a webcam and microphone for this course
- Provide a copy of your photo ID before the start of the class
- Be present (logged in) for the entire length of the course
- Adhere to the to the Rules of Conduct as specified by the NMLS
- Provide us with your NMLS ID# (Reference the NMLS Individual-Account-Quick-Guide for instructions on obtaining an NMLS ID#.)
MLO Crash Course
The MLO Crash Course is designed to prepare students with the knowledge needed to pass the National Test with Uniform State Content, which is mandated by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). Up-to-date content, taught by seasoned mortgage professionals, includes topics as required by the SAFE Act: federal mortgage-related laws, general mortgage knowledge, mortgage loan origination activities, ethics, and uniform state content.
Includes:
- 1-day webinar course hosted by a live instructor
- Attend unlimited times within one year!
- MLO Refresher physical textbook
- 800 online practice questions
Renew Your MLO/NMLS License
In order to maintain your NMLS endorsement, you must complete 8 hours of NMLS-approved continuing education by December 31 of each year. (If you completed your basic education and received your endorsement in the same year, you do not have to complete the continuing education that year.) After completion of the 8-hour course, but no earlier than November 1, individuals are able to complete annual attestation that their record is up-to-date, pay their annual NMLS processing fee, and submit and pay for any renewal requests required by their state regulators. This must be done by the student via their NMLS account. NMLS Course Provider #1400593
8 HOUR CA-DBO SAFE COMPREHENSIVE:
COMPLIANCE IN ACTION 2020
This course satisfies the requirements set forth by the Secure and Fair Enforcement Mortgage (SAFE) Licensing Act for a comprehensive 8-hour California continuing education course for mortgage loan originators. This course covers topics required by the SAFE Act: 3 hours of Federal Law, 2 hours of Ethics, 2 hours of Nontraditional Mortgage Products, and 1 hour of CA-DBO State-specific elective. NMLS Course Approval #12043
HOW THE COURSE WORKS
This is a classroom equivalent course held live online via Zoom Meeting.
In order to receive credit for this course you are required to:
HOW THE COURSE WORKS
This is a classroom equivalent course held live online via Zoom Meeting.
In order to receive credit for this course you are required to:
- Have a webcam and microphone for this course
- Provide a copy of your photo ID before the start of the class
- Be present (logged in) for the entire length of the course
- Adhere to the to the Rules of Conduct as specified by the NMLS
- Provide us with your NMLS ID# (Reference the NMLS Individual-Account-Quick-Guide for instructions on obtaining an NMLS ID#.)
MLO LICENSE REQUIREMENTS
If you intend to originate residential loans in the U.S., you will have to comply with Federal Law. If you intend to originate residential loans in California, you will have to comply with both Federal and California State law.
If you intend to originate loans as a loan officer for an insured depository institution such as a bank, savings & loan, or credit union, you will be federally registered, but not state licensed. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes, but you will not be required to pass a test or take pre-licensing education. Consult with your employer about how to proceed.
If you intend to originate residential loans in California without working for an insured depository institution, you need the educational services we provide. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes If you work as a Consumer Finance Lender (CFL) or a Mortgage Banker, you will answer to the Department of Business Oversight (DBO). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the Department of Real Estate (DRE).
Working under the oversight of the DBO or DRE, you must complete at least 20-hours of pre-licensing education before receiving your Mortgage Loan Origination (MLO) designation. You must also pass a challenging National Test with a score of 75% or better. Click here to visit the NMLS Getting Started page for more information.
If you intend to originate loans as a loan officer for an insured depository institution such as a bank, savings & loan, or credit union, you will be federally registered, but not state licensed. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes, but you will not be required to pass a test or take pre-licensing education. Consult with your employer about how to proceed.
If you intend to originate residential loans in California without working for an insured depository institution, you need the educational services we provide. You will be required to obtain a unique identifier number with the Nationwide Mortgage Licensing System & Registry (NMLS) for accountability purposes If you work as a Consumer Finance Lender (CFL) or a Mortgage Banker, you will answer to the Department of Business Oversight (DBO). If you originate loans as a Mortgage Broker, or under the supervision of a Mortgage Broker, you will answer to the Department of Real Estate (DRE).
Working under the oversight of the DBO or DRE, you must complete at least 20-hours of pre-licensing education before receiving your Mortgage Loan Origination (MLO) designation. You must also pass a challenging National Test with a score of 75% or better. Click here to visit the NMLS Getting Started page for more information.