23-Hr. NY MLO Pre-Licensing Standard Package
This package includes all 20 hours of Pre-Licensing education required to become a mortgage loan originator (MLO), as well as Exam Prep Edge to help you pass your exam.
This package includes:
- 20 Hour SAFE Comprehensive: Mortgage Loan Originator Pre-Licensing Course
- 3 Hour NY SAFE: State Pre-Licensing Course
- SAFE Mortgage Loan Originator Exam Prep Edge
This 20 hour course fulfills the SAFE Act requirement and provides a comprehensive introduction to the principles and practices of mortgage lending. In addition to the required core topics, the course will focus on content areas appearing on the SAFE MLO Test:
- Uniform state content
- General mortgage knowledge
- Mortgage loan origination activities, including loan inquiry and application process requirements, qualification, closing, and financial calculations
The course brings the content to life through a variety of videos and activities allowing students to learn the content, discuss it with an instructor and other students, and apply it to a range of exercises, real-life scenarios, and case studies.
An individual seeking a mortgage loan originator (MLO) license in New York is requiredto complete 20 hours of NMLS-approved education. Of this requirement, three hours ofNY-specific law must be completed. This online self-study course satisfies the three hoursof required state-specific education
Within this course, students will spend time reviewing state regulations and actsimpacting MLO activities; perusing scenarios, examples, and case studies; andcompleting activities to demonstrate understanding of the content
State Requirements For New York
New York Requirement Details for Mortgage Pre-Licensing Education
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3 hours of federal law
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3 hours of ethics
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2 hours of non-traditional mortgage lending
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9 hours of electives
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3 hours of NY law
Seat Time Seat time will be enforced and our online course delivery system manages this requirement
NMLS ID Registration: The NMLS system is used to process MLO licensing requests for all 50 states. A unique NMLS ID is required to report all course completions. Creating an account and obtaining an ID number is a simple process that can be completed here.
Licensing Exam: The licensing exam is administered by NMLS. Registration for the licensing exam is an entirely separate process from your course final exam. For instructions to register for your licensing exam and further information, please click here.
New York Contact Details for Mortgage Pre-Licensing Education
New York Department of Financial Services
Email: MLO@dfs.ny.gov
Website: New York Department of Financial Services
NMLS Resources for Mortgage Pre-Licensing Education
Professional Standards: Mortgage Education
Professional Standards: Criminal Background Check
Professional Standards: Credit Report
Professional Standards: MLO Testing